Word: switzerland
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Under Kreisky, the country enjoyed remarkable labor-management peace, relatively mild inflation (5% this year) and Western Europe's lowest unemployment rate (6%) outside of Switzerland. Kreisky was always far more popular than his party, even though he frequently confounded the country with his prominence on the international stage-mediating distant disputes, pleading the cause of the Third World, supporting the Palestine Liberation Organization although he is of Jewish extraction-and his penchant for lecturing Austrians in his gravel voice like an irascible Opa, or grandpapa...
...direction, assets in Japan and the Pacific Basin will be managed by Nomura Capital Management, Inc., an affiliate of Japan's largest securities firm, Nomura Securities Co., Ltd. West European investments will be handled by Lombard Odier International Portfolio Management Ltd., a London-based subsidiary of one of Switzerland's oldest and largest private banks. Merrill Lynch Asset Management, already the biggest U.S. manager of mutual funds, will handle Sci/Tech assets in the U.S., Canada and, later, South America...
...Charlie Chaplin was in trouble with the IRS on and off for more than three decades. In 1959, while living in Switzerland, he finally closed the books by paying $425,000 to settle a claim...
...America's, as Tamara McKinney, 20, virtually clinched the women's overall championship, a first for the U.S. "I still can't believe it, but it feels great," said McKinney. "I was a little nervous about the race today. I just let the skis run." When Switzerland's Erika Hess, the defending champion, fell at a gate last week, McKinney moved up from third place, past Hess and Hanni Wenzel of Liechtenstein. Then, summoning what she called "the best ski days of my career," Tamara won two giant slaloms in Waterville Valley, N.H., her fourth...
DIED. Valery Tarsis, 76, dissident Soviet novelist who was deprived of his U.S.S.R. citizenship in 1966 during a lecture tour of Britain, becoming the first in a modern line of enforced exiles; after a heart attack; in Bern, Switzerland. Once a writer and editor in good official standing, Tarsis grew disillusioned with Communism in the 1950s. The publication abroad of his scathing 1962 novel The Bluebottle earned him an eight-month stay in a Soviet mental hospital, an experience he described in his autobiographical novel Ward 7: "All around him were faces exposed by sleep or distorted by nightmares...