Word: switzerland
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...support their price. When news leaked out two weeks ago that U.S. Treasury Secretary W. Michael Blumenthal had met secretly in Paris with European monetary officials, currency traders assumed that a dollar-propping agreement would be announced at last week's monthly meeting of central bankers in Basel, Switzerland. None was forth coming, and the selloff of dollars started anew. By midweek the herd instinct had taken hold, and in Switzerland the dollar lost 1.5% in value in a single day, one of its largest one-day drops. That will make Swiss vacations more expensive for American tourists...
...argument is getting venomous. Europeans are practically unanimous in their conviction that Washington's refusal to support the dollar is in fact a stratagem to force Japan, West Germany and Switzerland to expand their economies or be priced out of the U.S. and other markets altogether. In fact there are already signs that several important sectors of the West German economy are suffering from the rise in the value of the mark against the dollar, which makes German goods more expensive on world markets. Sales of textiles, a major export, are off 3% from last year. Makers of machine...
...Presbyterian Evangelist Leigh ton Ford, will meet in Bermuda in mid-January to set the time and place for a 1980 strategy conference to follow up the 1974 Evangelical congress in Lausanne, Switzerland...
...interpretations by Horowitz and, of course, the composer himself. The final album, Années de Pèlerinage (Years of Pilgrimage), ought to stand by itself for years. It is a wondrously assorted anthology of piano pieces, many of which were conceived during four years of wandering through Switzerland and Italy. From the revolutionary "trumpet calls" of the opening Chapelle de Guillaume Tell to the exquisite mysteries of the Sonetto 104 del Petrarca, Berman revels in some of the most poetic landscapes known to the piano...
...revolution found him on the side of the Paris Commune, which called for the demolition of that symbol of "false glory," the Vendome Column. Later, the Commune crushed, a vengeful state passed a law to make Courbet bear the cost of restoring the column. Bankrupt, he fled to Switzerland and died in exile in 1877. There is always room for argument over the extent of Courbet's realism. The man who insisted on setting down the bald truth of visual experience, from a drunken priest's red nose to the drool on a stag's jaws...