Word: zuricher
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...cover story, written in New York by Spencer Davidson, drew heavily on reports filed from financial world capitals, where TIME'S reporters keep constant tab on economic developments. A principal pivot was Correspondent Robert Ball, who is based in Zurich but whose beat is business anywhere in Europe. The two-page study of "The Nervous Year" in U.S. business that supplements the cover story was written by Gurney Breckenfeld. Reporters and correspondents across the country tapped their business sources for that story, with an important part of the reporting being done by the Washington Bureau's Juan Cameron...
...Speculators poured buy orders into the eight-nation London gold pool. In a few hours, they snapped up an estimated $23 million worth of the metal. On Thanksgiving, sales not only shot up to a record $112 million in London, but the gold rush also spread to Paris and Zurich. The pressure, mainly from Europe and the Middle East, continued to mount on Friday, but the pool dug into its reserves to provide enough gold to satisfy all purchasers. France, in what some money men regarded as part of Charles de Gaulle's mischiefmaking, leaked the news that...
Even this flurry had no lasting negative effect on the world's stock markets. Share prices wobbled in London and slumped in Paris only to rally again; in Zurich the rebound was strong enough to lift the market 5% by week's end. On the New York Stock Exchange, after some nervous selling in the first hours of Monday's trading, a strong surge of buying sent the Dow-Jones industrial average up 15.49 points to close at 877.60, its high for the week...
...North had been boss of the 97-year-old family circus since 1936, and with his brother Henry, 58, held a controlling 51% of the stock. While John lived in Paris, Rome and Zurich for most of the past four years, he left details to Henry and grew ever more weary of dealing with fractious minority shareholders...
...that, homage is being rendered to Corbu in Zurich. A brand-new two-story center there will soon display samples of his paintings, sculpture, lithographs, tapestries, blueprints and models. The building itself, which was opened to the public this summer, is already drawing a thin but steady stream of pilgrims. The geometric cascade of rhomboids and squares, built of bared steel girders, glass and brightly enameled panels of green, red, white and yellow, might have been designed by Corbu himself...