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...gamble, to be sure, and if the U. S. entry doesn't win a medal at Munich there will be criticism of this new concept and of Parker's selection of oarsmen. The first test will come later this month, when the crew goes to Lucerne. Switzerland for a regatta that will include some of Europe's best eights. A victory there could presage a medal at Munich, and vindication for Parker. Harvard's alumni Olympians and a novel concept in American rowing

Author: By John L. Powers, | Title: New U.S. Olympic Team Has Old Crimson Crew | 7/11/1972 | See Source »

...infancy, be comes more powerful. The danger in continuing to delay basic reforms is that both sides will keep on meeting each mini-crisis by tacking on still more restrictions on the international movement of capital, ultimately damaging world trade, tourism and investment. Last week West Germany, Switzerland and Japan imposed new restrictions on investments or bank deposits by foreigners in their countries, thus hoping to limit inflationary increases in their domestic money supplies. Should that pattern continue, by the time nations finally agree to start looking for lasting solutions, they may be facing each other across dangerously high barriers...

Author: /time Magazine | Title: MONEY: Holding Up Somehow | 7/10/1972 | See Source »

...dollar, which most money traders consider to be the weakest currency after the pound because of the gigantic U.S. balance of payments deficit, quickly came under attack. The West German Bundesbank had to buy almost $900 million in 90 frenzied minutes Friday morning before officials finally halted trading. In Switzerland, monetary authorities decided not to buy dollars to hold up the price, letting the dollar float down against the Swiss franc. As the situation worsened, French Finance Minister Valéry Giscard d'Estaing conferred with President Georges Pompidou and then announced that Common Market central bankers would meet...

Author: /time Magazine | Title: MONEY: A New System's Big Test | 7/3/1972 | See Source »

German Journalist Horst Knaut estimates that at least 3,000,000 West Germans subscribe to some form of the occult, and perhaps 7,000,000 more "sympathize with the secret sciences." Staid Switzerland abounds with oddball sects, including one in which a supposedly "possessed" girl was tortured to death a few years ago. In Italy, it is not so much the quantity as the quality of occultism that has changed. Long a part of Italy's superstitious southern peasant culture, occultism has moved north to the industrialists, the doctors and lawyers of the affluent upper class...

Author: /time Magazine | Title: The Occult: A Substitute Faith | 6/19/1972 | See Source »

...intensifying war of the watches involves the technological and marketing savvy of companies in three nations: Switzerland, Japan and the U.S. As usual, the Swiss dominate, with export sales of $650 million last year, a total that amounted to nearly four-fifths of world exports. But the Swiss have been losing ground to the Japanese, whose watches generally are of somewhat lower quality and command lower prices than the Swiss. Last year Japanese watchmakers accounted for $106 million in exports, and their sales jumped 10% in Europe and 50% in the U.S. Meanwhile, U.S. manufacturers, led by Timex and Bulova...

Author: /time Magazine | Title: MARKETING: The World Watch War | 6/19/1972 | See Source »

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