Word: switzerland
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Dates: during 1970-1979
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...Rome and Milan. Huge sums have also been sent abroad by the device of under-invoicing exports and over-invoicing imports; the excess amounts were then deposited in bank accounts abroad. But when it seemed that the Communists might make major gains in last June's elections, Switzerland was awash in a flood of lire. In an attempt to crack down on foreign accounts, Guardia officials were reportedly posted outside Swiss banks to take down the license numbers of Italian motorists making deposits...
...just been swapped for Chilean Communist Luis Corvalán (TIME, Dec. 27). A native of a small town in eastern Russia, Bukovsky was serving a seven-year sentence for "anti-Soviet agitation " in Vladimir Prison, about 100 miles northeast of Moscow, when he was unexpectedly flown to Switzerland. In his flower-decorated Zurich hotel room, Bukovsky last week gave an interview to TIME Paris Bureau Chief Gregory H. Wierzynski and Geneva Correspondent Robert Kroon. Their report...
...Russian began to suspect that something was afoot. But not until he was placed aboard a specially chartered Aeroflot jet bound for Zurích did he know that he had been freed. Bukovsky's mother Nina, his sister Olga and his nephew Mikhail were also flown to Switzerland to join him in exile. Simultaneously, Corvalán was snatched from prison near Santiago and put aboard a flight to Zurích with his wife Lilly. The solemn exchange took place on a remote runway nearly a mile from Zurich's Kloten Airport. Corval...
SWISS PAINTING by Florens Deuchler, Marcel Roethlisberger and Hans Lüthy. 198 pages. Skira/Rizzoli. $45. One calumny on Switzerland runs that 500 years of democracy produced the cuckoo clock. Naturally, the three Swiss academicians who produced this book dispute the insult. They also show some indecision about whether there is such a thing as Swiss art, as opposed to art that happened to be created in Switzerland. The country never fostered the influential art centers that flourished in Italy and France. It did give birth to at least two masters-Holbein and Fuseli. This volume includes them but concentrates...
...this marks a sharp reversal in economic thinking. Only last June, Western politicians, led by the Ford Administration, were enthusiastically endorsing moderate growth policies aimed at beating inflation. But only the U.S., Switzerland and West Germany have managed to wrestle down inflation rates. In most other countries, wages have continued rising so rapidly that even the moderate improvement in business that occurred sent prices up sharply too. Many European governments responded with austerity measures aimed at holding down demand. Business quickly slowed, while joblessness remained high-all without making much of a dent in the rate of price increases...