Word: switzerland
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...Harvard police officer who was captain of Northeastern's undefeated 1972 crew. Peter Huntsman '74 promises to improve the Radcliffe lightweight prospects. Huntsman, a member of last year's intercollegiate champion Harvard lightweights, earned a bronze medal in the U.S. lightweight straight four at the World Championships in Switzerland last summer...
...collateral. News of the loan came amid the ever increasing cost of living (Rome's food prices were up 20% in August), shortages of pasta and sugar, poor harvests and mounting business failures. Tens of thousands of Italian workers have lost their jobs in France, West Germany and Switzerland and are returning home, swelling the ranks of Italy's unemployed...
...Lugano, Switzerland, had lost a walloping $79 million because of "unauthorized foreign exchange dealings...
...York's Franklin National Bank has reported losses of $83 million, resulting largely from currency trading. In Germany, the big Bankhaus I.D. Herstatt dropped so much cash that it went under; it was followed in quick succession by four smaller banks. Even the staid Union Bank of Switzerland has reportedly had to cover shortages of $50 million lost playing currency roulette...
Others are using expensive but reliable courier services, paying as much as $8 to ensure delivery within 24 hours of a letter from Milan to Palermo. Northern Italians routinely drive an hour or more to mail letters in Switzerland...