Word: cerutty
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...trio, already dubbed the "three wise men" by the Italian press, are Joseph Brennan, 71, chairman of the executive committee of New York's Emigrant Savings Bank; Phillippe de Week, 63, former president of the Union Bank of Switzerland; and Carlo Cerutti, 70, vice president of STET, the Italian national telecommunications company...
...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...
Some San Joaquin farmers have coped by switching to corn, barley and other salt-tolerant crops, but this is a stopgap measure. Explains William Cerutti, 58, who tried growing walnut trees on his 700 acres: "The roots got down and they started getting to the salt. The tips start drying up, and within two or three years the trees keel over, completely dead...
...shared almost equally by the state and federal governments. But California would buck its bill back to the farmers by charging them $15 per acre-foot of drainage water and $1.30 per acre-foot for incoming irrigation water. That, they fear, would drain them of cash. Says Cerutti: "It would ruin me." Adds Tulare County Farmer Stan Barnes: "It's the unknown, hidden costs that worry...
Great Expectations. In Caravaggio, Italy, after being robbed of 130,000 lire ($208), Mrs. Giacomina Cerutti received an envelope containing 5,000 lire ($8) and an unsigned note: "Dear Madam, it is I who stole your purse. Be assured you will get your money back . . . Will send you 5,000 lire ($8) monthly...