Word: zurich
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...lowest exchange rate since World War II against the yen, the deutsche mark, the guilder, the Belgian franc and the Danish and Norwegian crowns. The price of gold, which moves inversely to the dollar, reached a new peak of $233.70 an ounce. "We had not expected much," explained one Zurich foreign-exchange dealer about Carter's plan, "but neither had we expected so little." On hearing the news, Carter remarked rather tartly to his economic advisers: "I did everything you said would make the market go up?and it went down. What happened...
Clubby bankers from Zurich to Tokyo have confided to Abboud that Middle Eastern, Latin American and Asian capitalists are poised to invest many billions in the politically stable U.S.-as soon as they become convinced that they will not lose because of further dollar erosion. When these worldly investors plunge in, the stock market will surge, many jobs and business opportunities will be created, and the temporarily groggy champ will start to bounce back...
...West German mark that the exchange rate remained relatively stable at about 2.04 to the dollar. But the value of the Swiss franc rose to an alltime high of 1.75, and the price of gold surged to a record $201 an ounce on frantic trading in both London and Zurich...
...Actor Jack Nicholson put in a successful bid of $7,728 for a Tiepolo chalk sketch. French Idol Alain Delon also bid on old master drawings, but came away emptyhanded. "The prices were very high," he said. "Not too high for me, but for the pictures." When Zurich Dealer Walter Feilchenfeldt, bidding for a German museum, paid $1,177,600 for a small watercolor by Albrecht Dtirer, reporters asked if he had not gone overboard. He answered coolly: "It went more or less according to plan." Said Sherman Lee, director of the Cleveland Museum...
...begin to drip down with the sheer weight of the paint and hence bulge at the ends like some monstrous pseudopodia of amoebae. This biomorphis is a common feature of the works--the fusion of natural and artificial objects is like that of Jean Arp, the founder of the Zurich Dada movement who later associated with both Surrealists and Abstractionists. "Le Samourai" brings to mind one of the anthropomorphisizing and metamorphosizing images of Arp: "A stone voice face to face and foot to foot with a stone glance." The thick black strokes are superimposed on a square of purple that...