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...fight, which began in 1948, is a classic example of the way March has built his financial empire. The holding company of the Catalonian utilities had been The Barcelona Traction, Light & Power Co., Ltd., a Canadian corporation that was in turn controlled by Sofina. Eager to take over the utilities, March persuaded Franco to ban the export of their profits to Barcelona Traction's Canadian headquarters. Cut off from its sources of revenue, Barcelona Traction could not pay the interest on its outstanding bonds, most of which were held outside Spain. They tumbled in value, were quickly snapped...

Author: /time Magazine | Title: Business Abroad: Iberian Croesus | 4/14/1961 | See Source »

...said to have left Barcelona on Dec. 12, passed through Montpellier...

Author: /time Magazine | Title: Brazil: Wherefore Art Thou, J | 1/6/1961 | See Source »

Anthem Unplayed. So far, the church's edging away from Franco is visible more in acts of omission than in commission-in the failure of the Bishop of Barcelona to attend the 20th anniversary of the city's liberation from the Republicans, in the refusal of the abbot to allow the playing of Spain's national anthem at a ceremonial dinner at the famous Basque monastery of Aránzazu (the abbot said the music was not "religious"), or in Pope John's own studied neglect to include a single reference to Franco in the papal...

Author: /time Magazine | Title: SPAIN: Edging Away from Franco | 10/17/1960 | See Source »

...Casa de la Vail. Next day the cupboard was bare. Also missing was Ramon Riberaygua, 36, scion of a leading family and secretary of the Council of the Valleys, who on frequent visits to Spain had developed an un-Andorran taste for luxury. He kept a mistress in Barcelona and enjoyed paying big tips at the Hotel Ritz to have himself paged when the dining room was full...

Author: /time Magazine | Title: ANDORRA: Prodigal Returns | 8/22/1960 | See Source »

...dips burlap into white paint, bunches and tears it, smears and daubs it with black. If he ends up with something vaguely resembling a figure, he calls it Homunculus, and some of his homunculi look rather like decayed and mangled ghosts. Antoni Tapies, 36, who abandoned the University of Barcelona law school to take up painting in 1946, heaps his canvases with paint, then gouges, cuts and scrapes. His Three Stains on Grey Space is exactly what it says-three blobs of thick paint placed at the bottom of a grey canvas...

Author: /time Magazine | Title: Art: The Joyless Spaniards | 8/8/1960 | See Source »

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