Word: zuricher
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...Zurich-based bank rated 45 cities around the world in terms of their inhabitants' purchasing power, measured by the amount of goods and services that can be bought with their incomes. This was calculated by taking the average pay in a group of twelve common occupations -among them teaching, office work and construction-and comparing it with the cost of a "basket" of standard household expenses. These included rent, food, clothing and public transportation, as well as the cost of a wide range of services such as getting a haircut or having a suit cleaned. Chicago, San Francisco...
...same items, a Londoner must work twice as long. Prices for a great many things are simply lower in the U.S. than they are elsewhere. For instance, a cartful of 39 supermarket items that costs $135 in Los Angeles and $172 in New York sells for $225 in Zurich and an appalling $292 in Tokyo. A color TV that is priced at $600 in the U.S. sells for twice that in Zurich and three times as much in Tel Aviv...
...little known 14-line prayer in verse. She also was greatly responsible for the 1969 publication in TIME of Solzhenitsyn's The Easter Procession, a short story that had never previously appeared in English. Blake did not meet her favorite author until 1974, when she interviewed him in Zurich, an early stop in Solzhenitsyn's exile. Recalls Blake: "He was unexpectedly approachable, despite the fact that he was agonized by the ordeal of his expulsion." Invited to revisit the author at his home in Cavendish, Vt., Blake found him "more robust, infinitely more at ease, though he remains...
...Monday drew to a close the selling began. Unaware of the pressure that had built up overnight in New York, investors in Hong Kong, the first market to open for business on Tuesday, continued to bid up both gold and silver. But prices on the London and Zurich markets, which opened hours later, plunged. The slide was accelerated by West German bank supervisors, who ordered banks in that country to limit their investment in bullion and other precious metals to no more than 30% of the net asset value of the shareholders' equity. Thus some big West German banks...
...desperate effort to dig out from under the mountainous paper work, the Swiss Gold Pool, which comprises that nation's three largest commercial banks, voted to shut down all trading in gold both Thursday and Friday afternoons. No one seemed to have a guess whether the price in Zurich would shoot through the roof or plummet through the floor when the Swiss market reopens for full and unrestricted business this week...