Word: switzerland
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...story runs like this: a young American dilettante studying in Switzerland meets and falls immediately in love with a delicate but forthright American girl on an extended holiday in Europe with her family. But the proper American boy, while utterly fascinated by this spontaneous girl, can't come out of his somber cocoon long enough to express his love, more through a fear of social impropriety than of rejection. In one sense, the story is a psychological Romeo and Juliet: his family of assumptions and hers won't let their loves come together. There's also a element of class...
...requisite amount of action and violence, but it also has more than its share of intelligence. The most amazing thing about the movie is how much Al Pacino (who's very good in the title role) looks like the real Frank Serpico. Serpico flew in from Switzerland a few months ago to endorse Ramsey Clark's Senate bid in New York and had people wondering why The New York Times was running Pacino's picture on the front page. Eddie Coyle, about the life of lower-echelon thugs in Boston, stars Robert Mitchum and is surprisingly well done...
...jitters were high on the agenda of government bankers from the U.S., Western Europe and Japan when they gathered in Basel, Switzerland, last week for a meeting at the Bank for International Settlements, a sort of central bankers' central bank. The central bankers reportedly agreed "in principle" to lend money to bail out private banks caught in a liquidity squeeze just as the U.S. Federal Reserve has kept Franklin National in business by lending it more than $1 billion. However, they specifically ruled out aid for banks caught in "irresponsible" foreign exchange dealings. The decision was no comfort...
...nothing to bolster confidence in the German banking system, or indeed banking generally. Herstatt had incurred, and concealed, massive losses through speculation in foreign currencies. Similar fates have overtaken banks in other countries. In the U.S., currency trading has cost the Franklin National Bank dearly (TIME, July 1); in Switzerland, the Union Bank reportedly dropped $50 million; in Germany, Westdeutsche Landesbank Girozentrale has lost perhaps $110 million...
...preliminary heats are this Friday, with the finals for the fours on Saturday, and the eights on Sunday. The national champion will then be eligible to represent the U.S. at the World Championships at Lucerne, Switzerland in September...