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Lefevre also says Chaumet sold watches and jewelry at inflated prices to a shell company in Switzerland called Lausanne Investments; he says the sales allowed Chaumet to get poorly selling merchandise off its books without showing a loss. (Thousands of watches were later sold to dealers in the U.S. at a fraction of their inventory value, according to sources with direct knowledge of the transactions.) Chaumet's 1993 and 1994 financial statements, filed in a French commercial court, refer to the company's transactions with Lausanne but do not reveal who owned or controlled...

Author: /time Magazine | Title: INVESTCORP: ALL THAT GLITTERS... | 11/6/1995 | See Source »

...battle of wits, however, the drama begins to feel like a play of ideas without enough ideas. Picasso's one-liners aren't so much fireworks as kitchen matches. Martin has recklessly ventured into the country of Tom Stoppard, whose amazing Travesties (which convenes Lenin and James Joyce in Switzerland) may be seen as a rich ancestor of this poor relation...

Author: /time Magazine | Title: THEATER: PLAYWRITING ISN'T PRETTY | 10/30/1995 | See Source »

Will another Romanov ever rule Russia? Not according to Prince Nicholas Romanov, a retired farmer living in Switzerland, who is the acknowledged head of a now bitterly divided family. "We cannot even think of it," he told Massie, even though some symbols of the czarist past, like the country's pre-Soviet flag, have been restored. Should the impossible happen, one plausible candidate for the throne is a retired U.S. Marine colonel named Paul R. Ilyinsky, the son of the late Grand Duke Dimitri, a cousin of the Czar's. Ilyinsky, however, prefers the job he already holds: mayor...

Author: /time Magazine | Title: BOOKS: IN SEARCH OF THE ROMANOVS | 10/9/1995 | See Source »

...greater credit. They should have refrained from ugly harassment and close surveillance of the participants and not restricted their speech and movement. In the future the U.N. should fully guarantee such basic rights in a host country before it is chosen as a conference site. TENZIN YANGDAK Mont Pelerin, Switzerland...

Author: /time Magazine | Title: Letters, Oct. 9, 1995 | 10/9/1995 | See Source »

Their balloon, the D-Caribbean, set out with 14 competitors from seven countries on Sept. 9 from Switzerland, the home of the previous year's winner. Because this would be the first Gordon Bennett race since the end of World War II in which former Soviet airspace would be accessible, organizers had contacted each of the Baltic States as well as Belarus and Ukraine to request permission for the balloons to cross their airspace. Pilots, after all, could not fully control where the winds took them. Having received approval from every government, including Belarus', the balloons ascended from Wil, near...

Author: /time Magazine | Title: UNFORGIVEN TRESPASS | 9/25/1995 | See Source »

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