Word: industrialists
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...this colorful collection the Italians have lately added a less likely hero: the industrialist. He has earned national popularity because he and his kind are transforming Italy. The industrialists have produced an economic expansion that Italians call Il Miracolo or, simply, Il Boom, which has laced the countryside with crowded autostrade and studded the cities and villages with TV antennas. More fundamentally, Il Boom is converting Italy from a peasant society that served an elite into a consumer society that caters to the mass of the country's 54 million people...
...most widely admired and envied Italian industrialist-the Numero Uno-is Giovanni Agnelli, the head of automaking Fiat. Turin-based Fiat, which has produced four out of every five cars on Italy's roads, has done more than any other Italian firm to shape the country's new affluence at home and influence abroad. "Agnelli has a mythology not unlike President Kennedy's," writes British Journalist Anthony Sampson in The New Europeans. "Clearly his presence fills some kind of psychological...
Italy also has very little coal or iron. When, in 1947, some Italian leaders requested a World Bank loan to build a steel industry, the bankers rather snidely advised them to stick to growing tomatoes. But Industrialist Oscar Sinigaglia, then head of the state-owned Finsider steel complex, landed a big order from Fiat and went on to locate his mills at ports, where ships bring in coal and steel from the cheapest foreign sellers. Finsider is now Europe's biggest steel producer, and last year Italy's output rose from 17.4 million tons to 18.7 million, fifth...
Despite those setbacks, the elusive industrialist is likely to make additional moves into Western aviation. He is eager to buy Los Angeles Airways, a helicopter carrier, and has an eye on the San Francisco & Oakland Helicopter Airlines. He would also like to manufacture corporate jets and look into applications and routes for vertical-take-off and short-takeoff planes. For now, Air West fits neatly into his pattern for profit. It flies from several key cities into Las Vegas, Hughes' headquarters. In Nevada, which Hughes likes because it has no state income tax, he has picked up an estimated...
Self-explanatory item of the week "Las Vegas. A.P. Dec. 24: Howard R. Hughes celebrates his 63rd birthday today. The elusive billionaire industrialist's personal secretary and chief aides were unavailable for comment on his birthday plans...