Word: fiat
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...goods, including imported beef as well as cameras and alcohol. The most unexpected and resented increase was the surtax on automobiles. Italy's 12 million automobile owners will now have to pay a one-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...
Compared with government crises in the past, the 19 summit participants labored with uncommon zeal. Outside, chauffeurs of the 19 Alfa 2000s and Fiat 130s lined up along the villa's graveled drive, huddled over radios listening to the Italy-Argentina World Cup football match. Inside, like so many American officials unhappily missing a World Series, the political leaders gathered round a brocade-covered table in the Giulio Romano Room, so named for the artist who painted its frescoes. They did not even break for dinner-an uncommon sacrifice for Italian politicians-but had it boxed in by Rosati...
...price goes, gold is a schizophrenic commodity. For individuals, it is worth what the law of supply and demand dictates: at last week's end about $160 per oz. But as part of the international monetary system, its worth is fixed by fiat at precisely $42.22 per oz. In effect, nations that have gold reserves are stuck with a frozen asset in their vaults. Because they must exchange gold among themselves only at the low ''official" price, they have been unwilling to use bullion even as collateral in arranging international loans...
...must have known on October 19 when he received Nixon's order that his job was finished regardless of which course he chose. If he obeyed he would never obtain the evidence for a successful prosecution. If he defied the president's fiat, he would surely be fired...
...troubles point to a trend ominous for other companies besides Fiat: in attempting to cope with Italy's social and economic problems, the government is burdening the private sector with more responsibilities than it can handle. Fiat has tried to help by building big new plants in the depressed southern Mezzogiorno and worker housing in its home city of Turin. Umberto Agnelli criticizes the unions for not taking these expenditures into account when pressing for wage increases to catch up with the cost of living, spiraling at the rate of 15.6% annually; but his greatest scorn is reserved...