Word: firmness
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Dates: during 1960-1969
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Expulsion from the Council of Europe, which is a sort of powerless but prestigious mini-U.N., will further tarnish the prestige of the Greek regime. But it will not affect its firm hold on power in Greece. Most anti-regime Greeks and many other Europeans feel, probably naively, that a strong U.S. condemnation of the colonels would force them to either step down or liberalize their harshly autocratic rule...
...landed the TV role of Buzz in Leave It to Beaver; his eternally boyish face and buck teeth allowed him to keep the part for six years. Patrick wanted to get into the production end, though. He eventually wound up with Rogers and Cowan, a show business p.r. firm, and waited for his own break...
...Vatican sold Sindona the bulk of its 15% interest in Italy's largest real estate firm, Società Generale Immobiliare (assets: $175 million), which has not only dotted postwar Italian cities with tower apartments but erected similar projects in Montreal, Mexico City and Washington, D.C., including the capital's most In address, Watergate. When word of the sale leaked out, jitters swept the Milan stock market; brokers feared that a liquidation of Vatican securities holdings might depress stock prices generally. Italian newspapers speculated that the Vatican was pulling its money out of Italy to avoid paying a dividend...
Escaping the Onus. Actually, the sale of Immobiliare reflected the Pope's decision that church control of major Italian companies had become a liability. The Vatican owns some $200 million worth of stock in Italian firms. The church until recently either controlled or owned a substantial part of at least a dozen important enterprises, including cement-making Italcementi, paper-manufacturing Cartiere Burgo, pasta-making Molini Biondi and Vianini, a major engineering firm. The investments provide a handsome income to help defray the huge cost of running the papal establishment. But social unrest is growing in Italy. Anxious to align...
...speed traffic to the 1960 Olympic Games, anticlerical pundits charged that the thoroughfare was laid out to provide huge profits for Immobiliare, which owned big tracts of property along the route. Early this year, small stockholders raised an outcry against the church when Pantanella, a big flour-milling firm, cut the book value of its shares by 75% to stave off a possible financial collapse...