Word: switzerland
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Some of bin Laden's money is in mainstream institutions--the Saudis froze his assets after the 1998 U.S. embassy bombings in Africa, though he may have money in Switzerland, England and numerous other countries--but al-Qaeda also makes heavy use of hawala, an informal Islamic banking network that has operated for generations in Asia and the Middle East. Hawala, Hindi for "in trust," links brokers around the world who advance funds to depositors on a handshake and, sometimes, a password. In remote areas, a broker may have little more than a rug and a phone. In larger cities...
...Chairman Alan Greenspan was flying back to the U.S. from Switzerland when his airliner was ordered to turn back. He reached vice chairman Roger Ferguson by phone as soon as he could, and Ferguson coordinated contacts with Reserve banks and Governors both in Washington and around the country. The goal: to make sure U.S. banks would keep functioning...
...perception. The Polish pavilion (Leon Tarasewicz) won the cheap thrill award, by creating an easy optical illusion with their floor. (Ridges cut into the floor and painted orange on one side and blue on the other caused the floor to miraculously change colors depending on your position.) The Switzerland pavilion showed the work of Urs Luthi, Andy Guhl and Norbert Moslang, providing inspirational messages on coffee mugs and mannequins on exercise equipment...
...After all, when the towers of capitalism fell and the capital caught fire, one reassurance was instantly available: Alan Greenspan was in Switzerland...
...Chairman Alan Greenspan was flying back to the U.S. from Switzerland when his airliner was ordered to turn back. He reached vice chairman Roger Ferguson by phone as soon as he could, and Ferguson coordinated contacts with Reserve banks and Governors both in Washington and around the country. The goal: to make sure U.S. banks would keep functioning...