Word: fiat
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Erstwhile Congressman Franklin D. Roosevelt Jr., 47, now a new dealer in Jaguar and Fiat autos, found himself embroiled with the Treasury over his income tax. Accused of declaring only $29,026 instead of the $93,051 he actually earned in 1958, F.D.R. Jr. agreed to settle up on all but $18,615 of the difference. That money, he argued, was compensation from Playwright-Producer Dore Schary for loss of privacy caused by Sunrise at Campobello, a play on the life of F.D.R. Sr., and was nontaxable...
...sleek item in the Sixth International Automobile Show, which opened in Manhattan's Coliseum last week, was turned back by its original purchaser because it gave him cold feet. A politician had ordered the grey, four-passenger Fiat 2300 coupe as last year's Christmas present to his wife, then canceled the order when he remembered the number of voters in Detroit...
...even newer trend is the skiing vacation in Europe. A skier who catches Alitalia's 8 p.m. Flight 603 at Idlewild Airport on Friday is in Milan Saturday morning at 9:20, ready to jump into a rented Fiat for the drive to Cervinia. At noon, he is schussbooming down the flanks...
...antitrust field: France, Germany, Belgium and The Netherlands have relatively lax national antitrust laws, while Italy and Luxembourg have none at all. This free-and-easy situation results partly from the reality that the economy of Italy, for example, can support only one automaking giant such as Fiat. The Common Market trustbusters are not expected to attack bigness as such. But they are expected to crack down on "abuses" of bigness such as price fixing and market sharing. Officials of VerLoren van Themaat's department are empowered to dig into the books of any company operating in the Common...
...savings and loan associations pulled in deposits from all over the country by offering interest rates up to 4½% from the day of deposit, v. the banks' basic rate of 3%. Commercial bankers could not compete effectively, because their interest rates are pegged by Federal Reserve Board fiat, while S. and L. rates are unregulated...