Word: fiat
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...Italy's greatest industrial dynasties began only 25 miles and nine years apart, and rose with parallel vigor to worldwide fame. In Turin in 1899 Giovanni Agnelli established Fiat, destined to become Italy's leading auto producer. Nine years later, in sleepy Ivrea, Camillo Olivetti founded the typewriter company that became equally famous for its office machines. But fortune has not smiled equally on the two in recent years, and last week one dynasty had to bail out the other. Organizing support from a syndicate of banks and businessmen, Agnelli's grand son rounded up $50 million...
...Argentina. Inflation is ham stringing all Italian industry; Milan's stockmarket last week dropped to a four-year low, and Fiat, stung by anti-inflation government taxes on car pur chases and gasoline, looks for a sizable production drop this year. But Olivetti, whose global sales reached $360 million last year, has been especially hard...
...reply, Feisal convoked a council of the vast Saudi royal family, including nearly 50 princes of the blood, assorted sheiks and religious patriarchs. The council issued a fatwa, a religious fiat, that declared Saud no longer able to govern and authorized his brother to "discharge all external and internal affairs of state without having to refer to the King." When the news was announced by radio, every transistorized tribesman who was tuned to Mecca knew that this time it was the will of Allah...
...markets, and two weeks ago the U.S., the International Monetary Fund and the World Bank backed a $1.2 billion emergency loan to shore up the Italian economy. Last week, after the Italian Senate approved a stabilizing program that restricts installment-buying and raises taxes on cars and gasoline, automaking Fiat and Innocenti threatened to fire thousands of workers. Olivetti also announced cutbacks and layoffs. But amid these signs of protest and trouble, business continued to be good for one giant, Istituto per la Ricostruzione Industriale, a state-run holding company that is the biggest enterprise in Italy...
...designs her own sportswear (though she plays no sport but gin rummy) but lets Guy Laroche run up her dresses. She owns a dozen fur coats, a Goya, a Renoir, a Fiat and a Rolls-Royce. She applies her perfume to her clothes, rather than to her skin. Her favorite scent is a mixture of geraniol, rhodinol, cedryl, acetate, jasmine, geranium, santal, patchouli, oak moss and Tibetan musk. It is called "Madame Rochas...