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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...

Author: /time Magazine | Title: Italy: Year of the Sboom | 9/18/1964 | See Source »

...most 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...

Author: /time Magazine | Title: Italy: Till the Next Crisis | 7/31/1964 | See Source »

Suspenders, No Straps. Thus it was naturally Italy's Emilio Pucci, lightweight sportswear champion of the world, who predicted that it would not be long before bikini wearers, dissatisfied with halfway measures and interrupted suntans, would drop their modest pretensions along with the tops of their suits. And though the U.S.'s Rudi Gernreich was the first to snatch the idea off the rack and get it on the market (TIME, June 26), the evidence presented at the fall fashion collections in Florence last week showed that the Italians were not prepared...

Author: /time Magazine | Title: Fashion: More's the Pitti | 7/31/1964 | See Source »

There were seven children-Angelita, 40, Ramon, 39, Fidel, 37, Raul, 33, Juanita, 31, Emma, 29, Agustina, 25-and two others fathered by Angel during a first marriage, Pedro Emilio and Lidia, both fortyish. That first marriage was not ended by divorce until Lina had already borne Angel five children. Then, finally, Angel married her, despite his loud-spoken accusations that Raul had been sired by one of Lina's many other lovers. Neighbors remember that this gnawing suspicion later brought Angel to file, then cancel, a divorce suit. In the midst of such braying accusations and inconstancy, Fidel...

Author: /time Magazine | Title: Cuba: The Bitter Family | 7/10/1964 | See Source »

Giacometti, from Cezanne to Soutine, from an early Picasso to the latest Henry Moore, on such a scale that no museum or private collection in the world can match it. An enormous black two-story hall houses a kind of cabinet of Dr. Caligari, the Absurd Berlin Diary of Emilio Vedova, with collapsible hinged parts jagging out in a variety of Gothic shapes. Three Paintings in Space by Ernst Wilhelm Nay are obliquely suspended from the ceiling of an otherwise entirely empty hall...

Author: /time Magazine | Title: Exhibitions: Rosetta Stone at Kassel | 7/10/1964 | See Source »

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