DOCSLIB.ORG

Our Legacy What Defines Us, What We Leave Behind 075360E WE BUY HEIRLOOMS and FAMILY TREASURES

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Our Legacy What Defines Us, What We Leave Behind 075360E WE BUY HEIRLOOMS and FAMILY TREASURES Since 1895. The world’s oldest banking magazine. With the Issue 4 / 2019 Credit Suisse Worry Barometer 2019 Our legacy What defines us, what we leave behind 075360E WE BUY HEIRLOOMS AND FAMILY TREASURES. As a subsidiary of Gübelin, we would be happy to assist you with the sale of antique jewellery or gemstones. We can help you to best assess their value and market potential. For a consultation, please contact us at: +41 41 429 18 18 www.edigem.com Anzeige_Edigem_CS_Bulletin_220x297.indd 1 12.11.19 12:45 Editorial What we want to leave behind Johann Wolfgang von Goethe once observed, “What you have inherited from your forefathers, earn over again for yourselves or it will not be yours.” In our report on the Young Investors Organization (page 16), a young heiress explains that she has given serious 1 2 3 4 thought to how she wants to use her wealth: “No one needs to remember my name,” she says, “but I want to leave something 1 Viola Steinhoff Werner The Head behind to benefit those who come after me.” of Global Next Generation and This issue is devoted to the multifaceted topic of legacies. Families at Credit Suisse interviewed two fifth-generation descendants We look at the pleasures, as well as the difficulties, of giving and of John D. Rockefeller who want to receiving and ask this question: “What do we want to leave behind?” use the family’s wealth to promote Roger Federer, probably Switzerland’s best-known son, wants to the common good, with the help of free-market tools. Page 14 be remembered as someone who “loved the sport of tennis and played the game as hard as he could with fair play.” He is also passionate 2 Peter Breitschmid An emeritus about his foundation, which has already helped to give more than a professor of law at the University million children a better start in life (page 26). of Zurich, Breitschmid is a noted authority on Swiss inheritance law. Then there is genetics expert Dieter Egli, who is using a new He answers 25 questions, large and procedure that makes it possible to modify the DNA of human small, about estates – including beings, animals and plants. What will we do with this power over explaining why there is a human need nature? (page 38). UNESCO’s Convention for the Safeguarding to leave something behind when we die, and what happens to pets after of the Intangible Cultural Heritage focuses on a very different aspect their owners pass away. Page 4 of legacies. Pizzaioli in Naples, Belgium’s beer culture and shadow 3 Sonja Blaschke and 4 Yasuyuki play in Syria are among the traditions, customs and practices that “make life interesting,” as Convention Secretary Tim Curtis points Takagi, a correspondent who has lived in Tokyo since 2005, and Takagi, out (page 48). the renowned Japanese photographer, In addition, this issue contains intriguing results from the visited one of the oldest companies traditional Credit Suisse Worry Barometer (starting on page 55): in the world, a sake brewery founded in 1141, in search of an answer to Confidence in Swiss institutions has declined by one-fourth. this question: How is it possible for a The relationship between Switzerland and the EU remains tense. company to stay in the same family Switzerland’s economic situation is widely viewed as very positive. for more than 55 generations and be There is a critical need for reforms. How should we interpret these successful? Page 42 results? Federal Councillor Karin Keller-Sutter shares a political Photos: private archive (4) private archive Photos: view, while entrepreneur and philanthropist Jobst Wagner offers an economic perspective. Happy reading! Your editorial team Cover: Haenyeo divers, who live on an island off the coast of South Korea, are part of the intangible cultural heritage that UNESCO seeks Cover: Lim Jungja, Hamo Jeju, 2014, photo: Hyung S. Kim Hyung S. photo: 2014, Hamo Jeju, Lim Jungja, Cover: Page 48 to preserve. Bulletin 4 / 2019 1 A legacy with a future. 200 years of Alfred Escher. The entrepreneurial foresight of our founder still shapes our thoughts and actions today. As a strong financial partner, we support our clients worldwide. credit-suisse.com Copyright © 2019 Credit Suisse Group AG and/or its affiliates. All rights reserved. 25135_220x297_BulletinFeb19_par_EN.indd 1 21.02.19 11:23 Contents 4 Inheritance 101 Who? How much? Why? Peter Breitschmid, a professor of inheritance law, explains. 10 Switzerland’s lifeline How tourism came to the mountains. 14 “Philanthropy is the glue that keeps us together” Valerie and Justin Rockefeller on aligning values and investments. 16 “No one needs to remember my name” Meeting with members of the Young Investors Organization (YIO). 23 The last log-in 16 Louise Huterstein (30) believes in doing good How to manage digital estates. and being commercially successful. Concerns Reform backlog 56 Economy and work Switzerland’s doing fine 60 Interview with Jobst Wagner “Don’t delegate Credit Suisse your own responsibility” 62 Confidence and identity Confidence is dwindling 64 Year of Militia Service Worry Barometer “It’s up to all of us” 67 Interview with Karin Keller-Sutter “The willingness 2019 to work things out” 68 starting on page 55 Relationship with the EU It’s still complicated 70 26 “I feel like I am a small part of Africa” Roger Federer on his roots. 28 My legacy Five unusual heirlooms. 36 “… could happen to nearly anyone” All-too-common, but taboo: inheritance fraud. 38 Changing humanity forever Should we be allowed to manipulate DNA? Yes, says biologist Dieter Egli. 42 The hundred-year business plan Visiting the oldest sake brewery in the world. 28 Nishant Jhamb (32) and the motorcycle his father rode when 48 “The things that make life interesting” courting his mother. The UNESCO expert on pizza, beer and reggae. 54 Letters to the editor / Publishing information 72 The last page: Beni Bischof Photos: Iris Humm; Prarthna Singh; graphics: Offshore Studio Bulletin 4 / 2019 3 Who gets how much and why? Peter Breitschmid, professor of inheritance law, answers 25 questions on inheritance and human nature. Illustrations Till Lauer Inheritance 5 Why does inheritance 2 law in Continental How much money is Europe provide for a inherited each year? compulsory portion? The West is about to The inheritance law of be hit by an inheritance the City of Zurich from tidal wave as the gen- 1716 already included eration of financially 4 the concept of a last will 101 What was the longest successful baby boomers and testament but, even retires and approaches recorded inheritance then, people north of the end of their lives. dispute? the Alps were not com- It has been dubbed I remember the case of fortable with the free- the Greater Transfer, a couple in Zurich, who dom of testation allowed differentiating it from married in 1908. They under Roman law. The the Great Transfer that had no children. When Zurich law required that is currently under way the Swiss Civil Code a testator state his wishes (and quite substantial in entered into force in before the council and itself ). The consulting 1912, the husband opted obtain council approval firm Accenture predicts to have the earlier pro- to ensure that family that 10 percent of total perty regime of the members were not disin- 1 wealth in the United Canton of Zurich apply herited unfairly. From Why do we pass States will change hands to their estate. When today’s perspective, the our property every five years between husband and wife both compulsory portion on to our survivors? 2031 and 2045 – for a died in the early 1950s, for close relatives is a Inheritance comes up as total wealth transfer of their assets had to be pragmatic way to avoid far back as the Old USD 30 trillion. untangled in accordance conflict. Even if rela- Testament, and Russia with the 19th century tionships have soured reinstated inheritance law. Each of the more somewhat, close relatives rights for personal pro- 3 than one hundred family are ensured a share in perty only a few years And how much is in- members living around the inheritance – and after the October Revo- herited in Switzerland? the world – and their the testator’s estate is at lution. So, it seems that CHF 63 billion each lawyers – wanted their least partially protected the desire to hand our year according to a share. The Superior from the predatory property down when we study by the Büro Bass Court of the Canton of charms of legacy hunters. die is deeply engrained research institute. Zurich finally issued The model of compul- in human nature. In just under 20 years, its ruling in 1988, which sory inheritance is deeply the volume of wealth was then upheld by the embedded in Continen- transferred through Swiss Federal Supreme tal Europe, and it works. inheritance has dou- Court in 1992 – some The exact numbers are bled – primarily because four decades after the debatable, though. For assets have grown couple’s deaths. Because example, we can expect substantially in the same the unoccupied villa the ongoing re visions period. More than one in the posh Zürichberg to Swiss in heritance law in six Swiss citizens neighborhood had to reduce the compulsory (17 percent) passes on gained more in value portion for children more than CHF 1 million than the 40-year lawsuit from three-quarters of to their heirs, with the had cost, almost every- the statutory share to median wealth transfer one came away with one-half. being CHF 170,000. something. Bulletin 4 / 2019 5 6 What is the average age of heirs? A large majority of Swiss have their first child after age 30, and life expectancy for men and women is over 80 years.
Load more

Recommended publications
  • 150 Years Anniversary Magazine
    magazine. swiss life y anniversar The Life. Swiss of years 0 15 The anniversary magazine. Das Magazin zum Jubiläum. The first policy. Page 4 Insured with Swiss Life. Page 5 Time warp. From page 6 150 years. This is how long Swiss Life has been around. What happened during this time? Short stories are scattered throughout the magazine like a multicoloured mosaic – travel- ling back over the past 150 years. Life’s journeys. From page 7 Switzerland is a small but very diverse country, as confirmed by these 16 life stories. Some look back, some live com- pletely in the here and now, and some look to the future. Life stories from Switzerland. Working after retirement Securing people’s future for 150 years. Page 8 Bruno Gehrig is the Chairman of the Board of Directors of keeps you happy. Page 16. Swiss Life. He focuses on solving the medium- and long- term problems facing the Swiss pension system, but still finds time to criticise unfavourable developments in the system. Working after retirement keeps you happy. Page 16 Life expectancy is constantly on the rise. These days, many seniors stay fit and healthy until they are very old. Four examples of people who didn’t want to stop working at 65. And what scientists think of working after retirement age. Swiss Life’s commitment. Kids Festival for the The leader in Switzerland, strong in Europe. Page 28 football stars of tomorrow. Page 66. The insurance market has changed greatly during the past few years. Competition has become fiercer, both in Switzerland and abroad.
    [Show full text]
  • Engadin ENGLISH EDITION MAGAZINE N MAGIC O
    ENGLISH Engadin MAGAZINE No . 3 W I N T E R –––––– 2 0 / 2 1 MAGIC ENGLISH EDITION 2 3 Engadin Winter — 20/21 Dear guests, Ideally we would like to magic you straight over to our valley, Germany but unfortunately we are not able to do that just yet. Instead, you can come to us along a World Heritage railway line of fairy-tale charm, Austria or travel over the bewitching snow-covered mountains with your own SWITZERLAND France GRAUBÜNDEN sleigh. We’re waiting for you: with sparkling powder snow, all kinds of gastronomic wizardry and the purest ice in the world. ENGADIN Italy We wish you happy reading and a good journey – and we look forward to welcoming you here soon! The people of the Engadin Lej da Segl Lej m m m m m m Cover photograph by Filip Zuan Filip by photograph Cover m m m m m Piz Bernina, 4,049 Bernina, Piz Piz Palü, 3,905 Palü, Piz Piz Scerscen, 3,971 Scerscen, Piz 3,937 Roseg, Piz m Map: Rohweder Piz Cambrena, 3,604 Cambrena, Piz Piz Tremoggla, 3,441 Tremoggla, Piz Piz Fora, 3,363 Fora, Piz m m m Piz Lagalb, 2,959 Lagalb, Piz Diavolezza, Diavolezza, 2,978 Piz Led, 3,088 Led, Piz Piz Corvatsch, 3,451 Corvatsch, Piz Diavolezza 3,433 Murtèl, Piz m Lago Bianco Lagalb Piz Lavirun, 3,058 Lavirun, Piz Val Forno Italy Punta Casana, 3,007 Casana, Punta Val Fex Corvatsch Punta Saliente, 3,048 Saliente, Punta Bernina Pass Surlej, 3,188 Piz Val Fedoz Maloja Pass Val Roseg MALOJA Swiss National Park Lej da Silvaplauna SILS SURLEJ ST.
    [Show full text]
  • Travelglo-Europe-By-Rail-2020-Au.Pdf
    Issue 1 Europe By Rail 2020 Prices from $ * 235per day travelglo.com.au All the essentials you need At TravelGlo, we don't just know what travellers That's why we’ve worked hard to recreate the real want, we know how to connect and enable you joy that is taking you along Europe’s most revealing to discover the world. We don't just make tours, routes and railways. Where the journey becomes we craft adventures that will last a lifetime. part of the destination, go deeper and learn about And we don't just take you from A-to-B, we take the cultures of the incredible places other travellers care of the details so you can live in the now. may never achieve. Do more than just see. Go Our job is to handle the planning, your job is further. Delight your senses. And adopt whatever to unlock a sense of freedom and surprise. pace you want, to create your own adventure. 2 Europe By Rail 2020 What’s included for you? Your Itineraries Your Accommodation You choose the destination and itinerary and Rest easy knowing every 3 or 4-star hotel we will take care of the rest. Experience the you stay in is hand-picked, so you can get the must-sees of Europe without worrying about most out of each destination. Often centrally a thing. Built with your feedback in mind, our located to maximise your experience, carefully crafted itineraries create magic moments with warm standards of service and comfort, that will inspire you in ways you never imagined.
    [Show full text]
  • Catalog 210: Photographic Viewbooks
    R & A PETRILLA, BOOKSELLERS P.O. Box 306 Roosevelt, NJ 08555 Catalog 210: Photographic Viewbooks 1. Alabama-Georgia-Carolinas-Florida. SINGER SOUVENIR OF THE SOUTH: Set of Ten Photographic Views. s.l.: Singer Sewing Machine Co., ca 1900. First Edition. Comprises 10 photographic views (11cm x 18cm) of Southern cities and scenes, each with a full-page Singer ad on the verso. Views include: Court Square, Montgomery, Ala.; Selling Cotton, Newman, Ga.; Scene on the French Broad River, NC; Pringle House, Charleston, SC; Silver Spring, Head of Ocklawaha River, Florida; &c. In the original illustrated envelope, edges split but intact. Views in fine condition. 4.75" x 7.5" Very Good. Portfolio. (#036829) $90.00 [Not recorded by WorldCat, which does find one holding of a set of 10 views of Boston, issued by Singer Co.] 2. Alaska, Yukon Territory. A HAND BOOK OF VACATION TRIPS IN ALASKA AND THE YUKON ON THE WHITE PASS AND YUKON ROUTE (via the Steamer "Whitehorse") . Seattle: Farwest, 1940. First Edition. 56pp; illustrated from photographs and strip maps. This guide offers various Yukon tours, including: The Trail of '98 to the Klondike Gold Fields; West Taku Arm; Whitehorse and the Yukon River; Miles Canyon and Whitehorse Rapids; The Yukon River to Dawson; Dawson to Whitehorse: &c. The description of each tour includes a brief history of places along the route, a strip map, and views from photographs (several full-page). The original owner made three neat, marginal notes regarding costs. Pictorial wrappers. 3.5" x 6" Fine. Pictorial Paper Covers. (#037142) $50.00 3.
    [Show full text]
  • Switzerland in the 19Th Century
    Switzerland in the 19th century The founding of the Swiss federal state ushered in a period of greater stability as regards both domestic and foreign affairs. The revised Constitution of 1874 extended the powers of the federal government and introduced the optional legislative referendum. Switzerland developed its system of direct democracy further and in 1891 granted the people the right of initiative on the partial revision of the Federal Constitution. That same year the Catholic conservatives – the losers of the Sonderbund war – celebrated, for the first time, the election of one of its representatives to the federal government. The federal state used its new powers to create favourable conditions for the development of a number of industries and service sectors (railways, machine construction and metalworking, chemicals, food industry and banking). These would become the mainstays of the Swiss economy. Not everyone in Switzerland reaped the benefits of the economic upturn. In the 19th century poverty, hunger and a lack of job prospects drove many Swiss people to seek their fortunes elsewhere, particularly in North and South America. At home, industrial towns and cities saw an influx of rural and, increasingly, foreign migrants. Living conditions for many members of this new urban working class were often precarious. Foreign policy During the wave of revolution that engulfed Europe in the early 1850s, relations between Switzerland and Austria, which also ruled northern Italy, were extremely tense. Many Italians, who wanted to see a united and independent Italy (Risorgimento), sought refuge in liberal- run Ticino. The local community sympathised with their cause, some even fighting alongside their Italian comrades or smuggling weapons for them.
    [Show full text]
  • Pontresina. Facts and Figures the Village
    Pontresina. facts and figures The village The village – fascinating history Languages in Pontresina Guests will be enchanted by the charm of the historical mountain village: lovingly restored Engadin houses from the Languages Population Population Population census 1980 census 1990 census 2000 17th and 18th centuries, palatial belle époque hotels and other architectural gems from earlier times, including the Begräb- Number Amount Number Amount Number Amount niskirche Sta. Maria (Church of the Holy Sepulchre of St Mary, German 990 57,5 % 993 61,9 % 1264 57,7 % dating back to the 11th century) with its impressive frescoes Romansh 250 14,5 % 194 12,1 % 174 7,9 % from the 13th and 15th centuries. Other sights include the pentagonal Spaniola tower (12th/13th century) and the Punt Italian 362 21,0 % 290 18,1 % 353 16,1 % Veglia Roseg and Punt Veglia Bernina bridges. The historical Total citizen 1726 1604 2191 village of Pontresina is divided into four settlements: Laret, San Spiert, Giarsun and Carlihof. Towards Samedan, there is also the more modern part of Muragl. With a total of 2,000 re- sidents, the village welcomes up to 116,000 guests every year. Pontresina Tourismus T +41 81 838 83 00, www.pontresina.ch The sorrounding GERMANY Frankfurt Munich (590 km) (300 km) Friederichshafen Schaffhausen (210 km) Basel St.Gallen (290 km) (190 km) Zurich AUSTRIA (200 km) Innsbruck (190 km) Landquart FRANCE Chur Bern Davos Zernez (330 km) Disentis Thusis Mals Andermatt Filisur Samedan Meran St.Moritz Pontresina Brig Poschiavo Bozen Chiavenna Tirano
    [Show full text]
  • Bernina Pass – St.Moritz to Poschiavo
    Train Simulator 2018 Bernina Pass – St.Moritz to Poschiavo © Copyright Thomson Interactive Ltd, all rights reserved Release Version 1.0 Train Simulator 2018 – Bernina Pass 1 ROUTE INFORMATION .................................................................................................. 3 1.1 Route Overview ................................................................................................................................ 3 1.2 History .............................................................................................................................................. 3 1.3 Route Map ........................................................................................................................................ 4 1.4 Rolling Stock and Services ............................................................................................................... 5 1.5 Route Features ................................................................................................................................. 5 2 THE ABE 8/12 ALLEGRA ............................................................................................... 6 2.1 Train History .................................................................................................................................... 6 2.2 Design & Specification ..................................................................................................................... 6 2.3 Additional Keyboard Controls ..........................................................................................................
    [Show full text]
  • Canadian Rail No098 1959
    NEWSNEviS REPOREPORTRT NNO.O. 98 98 MARCHMARCH 1959 1959 CANADIAN RAILROAD HISTORICAL ASSOCIATIONASSOCIATION I NCONCO:R.PORATI:D.EPORA!:E::D. P.O.O . BOX 22. STATIONSTATION "B"" B " MONTREAL 2.2 . QUEBEC QUEBEC CANADIAN CLACLASSICSSIC ••••• ••••• ( A GRAND TTRUNKRUNK ""MOGUL"MOGUL" Complete with cross-bar pilot, rifle-barrrifle-barrelel stack, and distinctive steam dome, this locomotive is a rrepresen­ epresen­ tative of a classic development in CanaCanadiandian locomotive desidesign.gn. This picture, contributed by Mr. C.F.H. Allen, shows one of the very few Grand Trunk RRailwayailway 2-2-6-0s6-0s not built at Pointe St.St . CCharleshar l es works; an 11881881 proproductduct of the Rhode Island Locomotive Company,Company, NNo.239lo . 2391 final­ ly puffed into history ini n 1934 whwhen,en, asas CanCanadianadian Nat­ ionionalal RailwaysRa i lways NNo.540,o. 540 , Class EE-4-a,- 4-a, it wawass sentsent to ththee {( scrscrapap dock at the aagege of fifty-three. -000000­-000000- C .• H!.a 1'1.. AA_._____________ .Ji::;v News'JS .}teRe po po rr~_ t - 19591959 _ 22 - -------- Pa.,ge r-----., The Marrchch mmeetingeeti ng ofof tthehe AsAsss ocioc iaatt ioni on 1" f '\r ' t ' ~o~_ d O t.- J.ce 0 l~!eet'Ole<=:; "' ln~ing ....; willwi l l be hheldel d ini n RRoomoom 2202,0 2, MI'10ntreaon t.r-eaIl 1~ 0·V' l- 1'1"''I'r.l0.1. " "1L ~_ ,=' ) p..1 or-t.J. lJ ....::'1" A. 'V~ I ..L.'; 0 .1'1 C.J ommil ~ i_~_ . ~ ssS5• ion_ . BL u ~ i _ .
    [Show full text]
  • Press Releases, Please Send an E-Mail to [email protected]
    FOR IMMEDIATE RELEASE RHAETIAN RAILWAY APPOINTS AVIAREPS AS MARKET REPRESENTATIVE IN MALAYSIA. Kuala Lumpur, Malaysia (March 28th, 2018) AVIAREPS, the global leader and expert in developing and shaping international tourism and aviation demand and spend, with 65 offices in 47 countries around the world, has been appointed, by Rhaetian Railway, the largest Swiss operators of private rail networks and operator of renown Swiss scenic train such as Glacier Express and Bernina Express, as the Market Representative in Malaysia. The announcement, which came into effect on January 1st, 2018, sees AVIAREPS responsible for the rail’s sales promotions and marketing activities in the Malaysia market. The Rhaetian Railway serves a number of major tourist destinations, such as St Moritz and Davos. One of the RhB lines, the Bernina Railway, crosses the Bernina Pass at 2,253 metres (7,392 ft) above sea level and connects with the Italian railway network at Tirano, Lombardy which are all popular route for Malaysian travellers. “Malaysian travelers are hungry for adventure and are constantly exploring new travel destinations. The Bernina Express and the Glacier Express offer the perfect scenic railway experiences for our beloved friends from Southeast Asia.” Sebastian Blaettler, Market Manager Asia-Pacific at Rhaetian Railway, is delighted to grow the collaboration with AVIAREPS: “AVIARPS’ extensive network to the Malaysian travel trade will help us to successfully promote our products and therefore provide our Malaysian friends with an outstanding travel experience to pristine and picturesque Switzerland. Our mission is to bring the two countries closer together!” Sebastian Blaettler has been educated at Xiamen University.
    [Show full text]
  • Speaker Book
    SPEAKER BOOK Version as of 8 NOVEMBER 2016 Strategic Partners Premium Partners Table of Contents Program 4 Presenting Companies 7 Speakers 16 PROGRAM Porsche recommends and In the past no one understood what electricity could add to the guitar. The new Panamera 4 E-Hybrid. Imagine electriFying perFormance thanks to a race-proven hybrid concept. 700 Nm oF torque giving blistering acceleration while active all-wheel drive and e-boost Function inject more adrenaline into your everyday liFe. It’s time to plug yourself in: www.porsche.com/panamera Fuel consumption (in l/100 km) combined 2.5; CO2 emissions combined 56 g/km; electricity consumption (combined in kWh/100 km) 15.9 MAIN STAGE - Day 1 10 November 2016 SESSION TITLE COMPANY TIME SPEAKER POSITION COMPANY Breakfast 8:00 - 10:00 CP 9:00 - 9:15 Dr. Klaus Hommels Founder & CEO Lakestar CP 9:15 - 9:30 Fabrice Grinda Co-Founder FJ Labs 9:30 - 9:50 Dr. Klaus Hommels Founder & CEO Lakestar Fabrice Grinda Co-Founder FJ Labs Panel Marco Rodzynek Founder & CEO NOAH Advisors 9:50 - 10:00 Chris Öhlund Group CEO Verivox 10:00 - 10:10 Hervé Hatt CEO Meilleurtaux CP Lead 10:10 - 10:20 Martin Coriat CEO Confused.com 10:20 - 10:30 Andy Hancock Managing Director MoneySavingExpert Generation K 10:30 - 10:45 Carsten Kengeter CEO Deutsche Börse Group 10:45 - 10:55 Carsten Kengeter CEO Deutsche Börse Group FC Marco Rodzynek Founder & CEO NOAH Advisors CP 10:55 - 11:10 Nick Williams Head of EMEA ECM, Co-Head of CMSG Credit Suisse 11:10 - 11:20 Talent 3.0: Science meets Arts CP Karim Jalbout Head of the European
    [Show full text]
  • Credit Suisse Celebrates
    The Credit Suisse magazine 2006 anniversary edition Credit Suisse Celebrates Review What made the world go round – in 1856, the founding year Info section The global network of Credit Suisse Highlight Christo and Jeanne-Claude in Zurich Oracle Banking 17 of the 20 Largest Banks in the World Run Oracle Applications Information Age Applications oracle.com/banking or call 0800 55 25 74 Copyright © 2005, Oracle. All rights reserved. Oracle, JD Edwards and PeopleSoft are registered trademarks of Oracle Corporation and/or its affiliates. Editorial 03 Anniversaries Are In Vogue. Last year we celebrated Einstein and Schiller. And 2006 – the Mozart anniversary year – also happens to be the year in which Credit Suisse marks its 150th birthday. But why look back? Doesn’t that mean standing still? At a time when it is all too easy to lose touch with tradition, there is hardly a risk of that happening. Taking a constructive approach to our heritage helps to give us a sense of identity and cements our collective memory. Without a memory, we do not have any experience – and experience is vital for drawing the right conclusions from history. Hence this anniversary issue of the Credit Suisse Bulletin. We are taking the opportunity to recall our founder, Alfred Escher, and the age in which he lived. For Switzerland it was an age of change and upheaval. Alfred Escher was an exceptional person, and his birth a stroke of good fortune for Switzerland. He was much more than just the man who, in 1856, founded Schweizerische Kreditanstalt, today’s Credit Suisse.
    [Show full text]
  • Let's Start with the Motorcar. Prototypically Kato Has Chosen The
    On International Toy Fair in Nuremberg Kato presented the Bernina Express trainset. With this newsletter we will take a look at the model for N- and Nm-track (9 and 6.5mm). We show the possibilities to optimize that product and our services for you. Let‘s start with the motorcar. Prototypically Kato has chosen the most mo- dern loco of Bernina railway for the model: The Allegra-railcar. Fortunately one has decided, to make a new roadnumber for this issue. So now modelers have the choice of two different numbers by factory. We offer three further roadnumbers (KT-093.x) and more are in preparation. Abb.01 painting red/darkred painting red/darkred named „Friedrich Hennings“ ABe8/12 3502 Friedrich Hennings equipped with Kato-shortcouplers 1 x Api 1304 1 x Bps 2512 We offer the power unit (motor-, middle- and cab-car) as equipped with Kato-shortcouplers single item picked out of the Bernina Express-starterset. This model is available for N- and for Nm-track. Again Kato delivers the Bernina Express in two boxes: first a several options could be booked to bring more realism to starterset with power unit and two panorama-coaches the trainset. For example a loco-driver or 20 passengers and second as add-on-set with four panorama-coaches. could be added, long diaphragms or a light weathering, We offer both sets for N-track or regauged to Nm, and a more colourful interior and lightning - just as you like. several options for a more realistic appearance (see In general one could say, that all services, you know from pricelist enclosed).
    [Show full text]