Word: fiat
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...Henry Ford would like to break into the small but growing Communist automotive market. His company's subsidiaries in Europe already sell cars and trucks to Czechoslovakia, Yugoslavia, Poland, Rumania and Bulgaria. For their part, the Russians need more Western help in developing their car-and-truck industry. Fiat is putting up a huge auto plant in the Soviet city of Togliatti-which Ford toured last week-but production is two years behind schedule...
...something of a popular hero when he was elected President in 1932. He did achieve a measure of political stability in an unstable country (116 Presidents in 108 years of independence) as well as some economic progress. But his hero image faded swiftly when he began ruling by fiat and filled the prisons with those who protested, all the while illegally extending his term. In 1949, he handed power over to a handpicked successor, who turned out to be less of a puppet than expected, made certain that Andino never resumed power...
...money, called Special Drawing Rights, that will help finance the-continued growth of world trade. In August, France devalued the franc without causing any real tremors. Last week the value of one of the world's most important currencies, the West German mark, was established not by government fiat but by the free market...
...inability to curb wildcat strikes. Last week wildcatters in the shipping and motor industries were giving British officials fits, as usual. Suddenly, however, those walkouts seemed as harmless as prolonged tea breaks compared with what was happening across the Channel: > In Italy, 130,000 workers left Turin's Fiat plant, and thousands more struck the Pirelli rubberworks in Milan, in both cases for higher wages. In the first six months of this year, walkouts cost some 81 million man-hours. Worse is in prospect, for labor contracts affecting half of the country's 7,000,000 industrial workers...
Gabardine Swine. Fortunately Muggeridge, however weak on God and grace, is brilliantly funny on their adversaries the world, the flesh and the devil-as befits a former editor of Punch. Fiat Nox (let there be night) he sees as the first commandment of the modern world. The result of seeking heaven on earth is hell. "Four freedoms lead to forty times more servitudes," cries Muggeridee, and Savonarola in top form and full throat from the pulpit of the Duomo cried no louder. We are gabardine swine losing life and liberty in the pursuit of happiness. The real modern religion...