Word: switzerland
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Dates: during 1980-1989
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...favor of the referendum, and its leaders held debates with bank supporters on prime-time television. The Socialists also had the backing of labor unions and religious organizations. Said Tobias Bauer, who runs a Bern organization aimed at stemming the flow of capital from less developed nations to Switzerland: "The country of the Red Cross should not be a pension fund for Third World dictators...
That is a reputation that has plagued Switzerland for years. Argentina's Juan Perón, the Shah of Iran and Nicaragua's Anastasio Somoza had large Swiss accounts in the past. Among current world leaders, Zaïre's Mobutu Sese Seko is believed to have substantial holdings on deposit. Swiss banks have been a haven for foreign capital since the French Revolution. The current rules on confidentiality were set up in 1934 to protect Jews fleeing Nazi Germany...
...order to campaign against the resolution, the well-known gnomes of Zurich were forced to forgo their normally reclusive ways. At endless town and village meetings, they argued that passage would seriously threaten Switzerland's position as the world's third leading banking center, behind New York City and London, and cause economic catastrophe. Nikolaus Senn, head of the Union Bank, Switzerland's largest financial institution, maintained that foreign funds would flee the country, leading to a collapse in Swiss stock prices, a jump in interest rates and the loss of thousands of jobs...
...whose lean, straightforward prose style and masterly sense of storytelling won wide audiences for such novels as The Young Lions (1948) and Rich Man, Poor Man (1970), but who will be remembered critically for his short stories of the 1930s and '40s; of a heart attack; in Davos, Switzerland. Born in Brooklyn, Shaw first won acclaim for his antiwar play Bury the Dead in 1936. He attracted a wide following with his short stories in The New Yorker, particularly his exquisite evocation of a young man's obsession, The Girls in Their Summer Dresses (1939). Renowned in writers...
...first elegy came to him in 1912. It was a decade later, spent in wandering from France to Germany to Switzerland, from Spain to Italy to Africa, before he completed the cycle. The labor exhausted him beyond recuperation. But in these final statements, Rilke came as close as a modern poet can to healing what he called the "fractures" of his life...