Word: colombos
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...squabble between Christian Democrats and Socialists over who would be officially tapped to run Italy's biggest financial institution once Longo stepped out. The Christian Democrats favored Lolli, who has the backing of such important moneymen as Bank of Italy Governor Dr. Guido Carli and Treasury Minister Emilio Colombo. The Socialists, demanding jobs and economic power as the price for their 1963 split with the Communists and alliance with the Christian Democrats, urged the appointment of Paolo Pagliazzi, 58, a former professor who is currently the bank's real estate loan expert...
...radical and too simple; in his speech he referred again and again to the "complexity" of the problem. One complex aspect was provided by Paul's trusted advisers, Arch-conservative Alfredo Cardinal Ottaviani, 76, head of the Congregation for the Doctrine of the Faith, and Bishop Carlo Colombo, 57, the Pope's personal theologian. They insisted that so radical a change in moral teaching would be a clear repudiation of Paul's predecessors...
...coin shortage? Treasury Minister Emilio Colombo blames it mostly on the increasing number of vending machines and on foreign tourists who, whether souvenir collecting or through negligence, leave the country with pockets ajangle with lire. The worst offender is undoubtedly the ordinary Italian. Still not confident about the long-range future of his country's economy, he is hoarding coins against the day when paper money loses its value. As one result, the piggy bank has become one of the hottest items in Italian stores...
...Accra, Algiers, Amsterdam, Bagdad, Bamako, Brussels, Colombo, Conakry, Copenhagen, Damascus, Djakarta, Helsinki, Kabul, Karachi, London, New Delhi, Nicosia, Paris, Rabat, Rangoon, Rome, Stockholm, Teheran, Tunis and Vienna...
...Federal Government, which rarely enough finds itself at a loss to devise ways of spending money, has $2.8 billion cluttering its coffers and scant notion of how to get rid of it. The funds are piled up in nonconvertible foreign currencies from Conakry to Colombo. "We have used all the money we can in every way we can," confessed a State Department official last week. "We are no longer making even a dent in the accumulation. We've got to do more...