Word: switzerland
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...least one measure, foreign stocks have rarely been so cheap. If you choose to diversify now, you won't have to buy into sky-high markets like those in the U.S., though you'll want to be careful because some foreign markets, such as Sweden, Ireland and Switzerland, have risen sharply and are on the high side...
...Nazi plunder of Jewish property, possessions and capital was horrible but almost "understandable" [WORLD, Oct. 28]. Victors have got the spoils for millenniums, but Switzerland's masquerade as a neutral safe haven to lure and then steal $3 billion to $7 billion in victims' assets was unprecedented, vile treachery. The Swiss banks should feel humiliated that more than 50 years have passed without their addressing the disposition of Jewish wealth. WILLIAM P. SAUNDERS Bloomfield, Michigan Via E-mail...
...commission to screen the recipients, prepare a list of survivors and first-generation children, seek information on financial need and disburse all the money. No documentation other than who was a survivor and who is in need would be required. Until this situation is resolved, people should treat Switzerland the same way they do Libya, Iran or any other outlaw nation. BILL CASELLO Ann Arbor, Michigan Via E-mail...
...other survivors treated callously by Swiss officialdom could now look forward to receiving vast amounts in restitution. At best, smaller amounts are more likely. But, says Bronfman, "This is not about money. This is about justice." The survivors have a right, at long last, to an honest reckoning, and Switzerland needs to repair its reputation for rectitude. Both sides have a strong interest in opening the books and answering the buried questions...
...stave off creditors, Lewis shut down unprofitable operations, including a dairy plant in Switzerland, and she accelerated the divestiture program started by her husband and Fugett. She quickly jettisoned eight businesses, including ice-cream companies in Denmark, Belgium and Germany. In addition to eliminating the corporate toys, Lewis cut 500 jobs, including half the corporate staff...