Word: colombo
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Italy's wholesale prices have steadied, and Milan's stock exchange index has just crept above 6,000 for the first time since last spring. Last week, Treasury Minister Emilio Colombo reported that Italy's balance of payments has switched from a monstrous $1.2 billion deficit last year to a surplus of $535 million for the past five months. At the same time, Parliament acted to curb the national passion to buy on credit by passing a law requiring 25% down and two-year terms on installment purchases. Best of all, the lira has been revivified...
...inoffensive compromise between the others-got absolutely nowhere in his battle to control the whole party. Just the reverse. Because the Christian Democrats' factions are split by ambitions rather than ideology, several top party members are gunning for him. Among them: ex-Premier Armintore Fanfani, Treasury Minister Emilio Colombo, who heads the faction that includes President Antonio Segni...
Died. Jigme P. Dorji, 45, Premier since 1955 of Bhutan, mote-size (18,000 sq. mi.) Indian buffer state in the Himalayas, who with his brother-in-law, King Jigme Dorji Wangchuk, brought Bhutan boldly into the 20th century by abolishing slavery and polyandry, joining the Colombo Plan, building hospitals and the first road to the outside world; by an unknown assassin's bullet, as he sat in a resthouse at the Indian border post of Phunchholing...
...Solomon West Ridgeway Bandaranaike, Prime Minister of Ceylon, is an exasperating handful for any diplomat, even Red China's peripatetic Premier Chou Enlai. As Chou's road show pulled into Colombo last week, it was clear that he had taken advance precautions to ease his confrontation with the formidable first lady. Included in his entourage for the first time was Soong Ching-ling, widow of Dr. Sun Yatsen, founder of modern China, and sister of Mme. Chiang Kaishek. A rheumatic lady of 74, Soong Ching-ling fell out with her family during China's civil war, stayed...
Chou was more amenable to Mrs. Bandaranaike's request for a handout. Ceylon's economy is as full of holes as the red carpet rolled out to greet Chou at Colombo's Ratmalana airport. U.S. aid has been cut off ever since Ceylon nationalized three American oil companies last year; when Mrs. Bandaranaike recently recognized East Germany, Bonn cut off its aid program. From Red China, Ceylon is receiving desperately needed machinery and industrial products. As a quid pro quo, China is seeking to use Ceylonese ports as transshipment centers for ships carrying goods to Africa, Europe...