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...money. Yale Economist Robert Triffin revived and modernized this idea in 1959, and it has been embraced-in one form or another-by such experts as Prime Minister Wilson, former British Exchequer Chancellor Reginald Maudling, Greece's Central Bank Chief Xenophon Zolotas and Bank of Italy Governor Guido Carli. Wilson's version of the plan would work this way: 1) the IMF would create certificates of credit; 2) countries would buy these certificates with their own currencies, use them to settle foreign debts; 3) the IMF would use the national currencies that it collected to back its certificates...

Author: /time Magazine | Title: Money: A Cry for Change | 4/16/1965 | See Source »

...nine and 14, who earned the right to their title by delighting the King with a performance of their songs during his 1956 visit to the Congo. Their earlier recording of Luba folk songs and a Mass won them a large international audience. Somehow their leader, Franciscan Father Guido Haazen, makes them sing together with precision and yet seem to be blithely improvising. Theirs are songs for working, praying, playing and dancing. One, sung in Swahili, begins: "Trouble. Sister, trouble, Father; the Europeans are arriving in Kenya from the airplane...

Author: /time Magazine | Title: Television: Oct. 9, 1964 | 10/9/1964 | See Source »

...Italy, Economist Guido Carli, governor of the central bank, has prescribed strong medicine for the country's debilitating inflation. With the patchwork government of Premier Aldo Moro too weak to take effective action, Carli on his own tightened credit and restricted borrowing from abroad. A convincing negotiator, he was called upon by Moro to persuade socialists and labor leaders to temper their own wage demands and agree to reduced government spending. One result of Carli's influence: Italy's trade balance is improving for the first time in two years...

Author: /time Magazine | Title: Economists: Doctors of Development | 6/26/1964 | See Source »

...searches for means of escape, but can find none. Religion? A cardinal can only repeat banalities that have no relevance to Guido's plight. Filial loyality? His father is dead and he remembers how his selfish mother castigated him in his youth. A white-clad girl (Claudia Cardinele) tells him that she wants to bring order and cleanliness into his life; he finds her complete innocence no better than escapism. Finally he turns to thoughts of suicide (prompted by a diabolical character who springs up at his side several times during the film.) After he rejects self-destruction, he accepts...

Author: By Donald E. Graham, | Title: 8 1/2 | 2/4/1964 | See Source »

...cannot be described by a plot summary. The narrative is augmented by endlessly suggestive details: the costumes (varying from the pure white of the girl who offers order to the pure black of the magnificent monster-woman Saraghina, who gave the young Guido his first sexual experience), the music (an orchestra blares out Wotan's theme from the Twilight of the Gods while the camera focuses on the faces of the old men and women who crowd the health resort), the juxtaposition of lines, and, most of all, the endless convolutions of the plot. The film Guido is directing...

Author: By Donald E. Graham, | Title: 8 1/2 | 2/4/1964 | See Source »

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