Word: switzerland
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...fact, a concerted international effort was being mounted in an attempt to stop it. In a break with the free-market principles of the Reagan Administration, the U.S. last week joined France, Japan, Switzerland and West Germany in pumping an estimated $2 billion into foreign-exchange markets in an effort to restrain the rampaging dollar. For most of the previous two years, the Administration had been content to watch as the dollar persistently climbed in value...
...Government, for one, is determined to find out. The Justice Department believes the company carried out a "massive tax-fraud scheme" in 1980 by diverting some $20 million in profits from its subsidiary in New York City to its headquarters in Switzerland. The department's probe has resulted in a prolonged legal face-off with the firm. The latest crisis came last week, when Federal Judge Leonard Sand threatened to freeze up to $55 million in Marc Rich & Co. assets at some 20 domestic banks and companies, a move which would have paralyzed the company's U.S. operations...
SEEKING DIVORCE. Viktor Korchnoi, 52, tempestuous Soviet chess grand master who defected in 1976; and Beta Korchnoi, 50, who emigrated to Switzerland last year with their son Igor, 23, after the young man spent 30 months in a Siberian labor camp for refusing military service; after 25 years of marriage; in Wohlen, Switzerland. Korchnoi, who twice lost world championship matches to erstwhile Countryman Anatoly Karpov, pleaded with Leonid Brezhnev to allow his family to leave in 1978, though he was linked romantically with his Austrian-born manager, Petra Leeuwerik...
DIED. David Niven, 73, Scottish-born actor and author, who defined debonair for millions of moviegoers; apparently of amyotrophic lateral sclerosis, the progressive neuromuscular disorder often called Lou Gehrig's disease; at Château-d'Oex, Switzerland. A Sandhurst graduate and veteran of four years with the Highland Light Infantry, Niven resigned his commission in 1932 and became a New York liquor salesman. Influential acquaintances lured him to Hollywood, where he signed a seven-year contract with Movie Mogul Sam Goldwyn, despite having almost no acting experience. Niven served with distinction as a British commando officer...
...international troubles of the Japanese arise from their doing almost too well at their economic ventures. After 1945, Japan's industrial plant was in ashes. MacArthur said that he hoped eventually to rebuild the country to the point where it would become "the Switzerland of Asia." Today, Japan is the second most powerful economy in the free world. Its trillion-dollar-a-year industrial machine accounts for 10% of the world's output. By 1990, the Japanese may achieve a per capita gross national product that surpasses that of the U.S. As a 19th century French tourist said of another...