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Italy's foreign indebtedness is now nearly $17 billion, and the latest loan of $2 billion from West Germany is supposed to be paid back in March. But the money has disappeared as fast as a "drop of water on a hot stove," according to outgoing Treasury Minister Emilio Colombo, and Italy is going to need even more loans in the next few months to stave off bankruptcy and pay for oil. Italy is more dependent on imported fuel than any other European country and has been especially hard hit by the rise in petroleum prices. Meanwhile, capital...

Author: /time Magazine | Title: ITALY: Toward the Communist Alternative? | 11/11/1974 | See Source »

...that Alfredo's head will fetch a bounty of $10,000 and that Bennie's girl friend (Isela Vega) has just wrapped up an affair with Alfredo, who really seems to have got around. Alfredo has also impregnated the daughter of some big back-country honcho (Emilio Fernandez), who happens to be the fellow looking to have him done in. Bennie does not find this out until practically the last scene, when he has eliminated a lot of middlemen, mostly by gunfire. For the balance of the action, blistering jealousy and outright greed suit him as motivation just...

Author: /time Magazine | Title: Cinema: Horseless Headsman | 9/16/1974 | See Source »

...time surtax ranging from $10 on a Honda to $50 on a family-size Fiat 124, to $400 on a Lamborghini and $575 on a Rolls-Royce. "We know well that we are asking heavy sacrifices of the Italians," Rumor told the public. Added Treasury Minister Emilio Colombo: "If there were not the courage for unpopular measures at this moment, we could expect consequences that would be even more serious...

Author: /time Magazine | Title: ITALY: Protesting Rumor's Remedies | 7/22/1974 | See Source »

...week reached a "consensus" that Cuba should be invited to their gathering next March in Buenos Aires. Several countries, including Chile, opposed the invitation, but even such strongly anti-Communist representatives as Brazil's Foreign Minister Antonio Azeredo da Silveira voiced no objection. Mexico's Foreign Minister Emilio O. Rabasa announced that Castro has already agreed in principle to such a meeting...

Author: /time Magazine | Title: THE HEMISPHERE: A Waiver for Cuba | 4/29/1974 | See Source »

...into town. A motor-boatload of newsmen rocked their sloop during an afternoon sail. Kissinger finally negotiated a truce halfway through the ten-day honeymoon. In exchange for a press conference, the newsmen agreed to leave the couple alone. Summoning the press to the house of Mexican Foreign Minister Emilio Rabasa, Kissinger, dressed in a white guayabera (a casual Mexican shirt), was his usual genial self. Nancy, peering from behind oversized sunglasses, was tense, and she did not find the barrage of personal questions reassuring. "How many children will you have?" demanded a reporter. Nancy, who is, according to friends...

Author: /time Magazine | Title: People, Apr. 15, 1974 | 4/15/1974 | See Source »

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