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...workings of the Holy See's bank, the Institute per le Opere di Religione (Institute for Religious Works). In a church that is nearly 2,000 years old, the Vatican bank is a relative newcomer. Its main holdings go back to 1929, when the Italian government under Benito Mussolini paid $83 million to the Holy See as compensation for the loss of papal territory seized from the church in 1870 by the Italian republic. Much of that money was eventually invested in real estate and Italian companies like Societa Generate Immobiliare, the giant international construction firm that later built...

Author: /time Magazine | Title: God and Mammon | 7/26/1982 | See Source »

...Leopoldo Fortunato Galtieri, the army general who was forced to resign after his troops surrendered to the British two weeks ago. Following five days of bickering, army Major General Cristino Nicolaides, the junta's newest member, ignored navy and air force objections and endorsed retired Major General Reynaldo Benito Antonio Bignone, 54, as the country's seventh military President in six years. Said Bignone, who was scheduled to be sworn in this week: "I am absolutely certain that with a great deal of humility, we will be able to get the country through these difficult times...

Author: /time Magazine | Title: Falkland Islands: The Bitter Taste of Defeat | 7/5/1982 | See Source »

...warships steamed across the Bay of Naples, and, like precision swimmers, 85 submarines dived beneath the water, resurfacing eight minutes later in perfect formation to fire an eleven-gun tribute to their Nazi guest. It was a dazzling display from a master of spectacle, but like most other things Benito Mussolini did, this muscle flexing was little more than an act: two years later, after a few disastrous encounters with Britain's Royal Navy, his impressive-looking fleet cowered in port, all but useless to the Germans...

Author: /time Magazine | Title: Books: Two Views of a Little Caesar | 6/7/1982 | See Source »

Born in 1883 in the Romagna, a region south of Venice, Mussolini was a hereditary rebel; both his father and his grandfather had been imprisoned for their political beliefs. Papa Alessandro, a blacksmith with intellectual aspirations, was one of the earliest proclaimed socialists in Italy. Young Benito was a loner with what would now be called sociopathic tendencies, a street fighter who looked on violence as the natural way to get what he wanted. Yet he was unquestionably intelligent. He read extensively in German, French and English and even wrote a novella in the style of Edgar Allan...

Author: /time Magazine | Title: Books: Two Views of a Little Caesar | 6/7/1982 | See Source »

...Donna Perfecta, by Benito Perez Galdos...

Author: By Mary Humes and Rebecca J. Joseph, S | Title: The Leisure of the Theory Class | 5/26/1982 | See Source »

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