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...evidence to the contrary, British authorities ruled Calvi's death a suicide. But some Italians saw sinister significance in the fact that he was dangling from Blackfriars Bridge: members of P2 dress in black and address each other as "friar." Both Sindona and Calvi's son Carlo, 30, believe that the banker was killed. So does Franco de Cataldo, a member of an Italian parliamentary commission investigating P2, who declared last week on the floor of the Chamber of Deputies: "It appears ever more probable that Calvi was murdered...

Author: /time Magazine | Title: Italy: The Great Vatican Bank Mystery | 9/13/1982 | See Source »

...appointing three international financial experts to examine the dealings between the Vatican Bank and the Banco Ambrosiano. They were Joseph Brennan, 71, chairman of the executive committee of New York City's Emigrant Savings Bank; Phillippe de Week, former president of the Union Bank of Switzerland; and Carlo Cerutti, vice president of the Italian national telecommunications holding company. The appointment of the committee is the Vatican equivalent of naming a special prosecutor in the case, and it marked the first time that the Roman Catholic Church had ever opened up the books of the Holy See's bank...

Author: /time Magazine | Title: Scandal at the Pope's Bank | 7/26/1982 | See Source »

Monaco's royal family has remained blasé. After all, "she has known him for about ten years," said a spokesman for the Rainiers somewhat ambiguously, "just as she knows the racing drivers and other tennis players in Monte Carlo...

Author: /time Magazine | Title: People: Jul. 5, 1982 | 7/5/1982 | See Source »

...class quality, with elements so rich and varied that it would have international appeal." State and local governments chipped in half of the $4.8 million budget, and new works were commissioned from a dozen or so major playwrights, composers and choreographers, including Tennessee Williams, Edward Albee, Lanford Wilson, Gian Carlo Menotti, Lukas Foss, Ned Rorem and Geoffrey Holder. To give the festival a festive look-and to remind everyone that this was, after all, flaky, flamboyant Miami-Christo, the site artist, was hired to wrap pink plastic ribbons around ten small, uninhabited islands in Biscayne...

Author: /time Magazine | Title: Show Business: Sweating It Out in Miami | 6/28/1982 | See Source »

...Phoenicians seemed to linger over the land that Lebanon inherited from them. Beirut, a bright, amiable amalgam of beach resort and international bank and world-class shopping mall and neon whorehouse, was invariably called the Paris of the Middle East. It may have been more like Monte Carlo, crossed with Miami Beach and Zurich. The Lebanese were cultured and vividly commercial. They stood precisely at the intersection of Western and Middle Eastern culture, and took a handsome profit by mediating between the two. They have the highest literacy rate and the only real parliamentary democracy in the Arab world...

Author: /time Magazine | Title: Essay: The Lebanese Dance of Death | 6/21/1982 | See Source »

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