Word: iris
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Dates: during 1980-1989
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...clearest indications has been the transformation of IRI, a vast state-run conglomerate that dates back to Mussolini. The 1,079 firms in IRI's portfolio include Alfa Romeo, Alitalia airline and Banca Commerciale Italiana, the country's second-largest bank. While this leviathan was losing nearly $2 billion a year, previous governments had been reluctant to touch it. Craxi encouraged IRI's new president, Romano Prodi, to take bold action. He promptly laid off 47,000 unionized workers and raised more than $3 billion by selling all or part of 35 companies and other holdings...
...villagers working in paddy fields five miles south of the city of Iri were shocked to see a two-engine bomber circling overhead. It tried to land in a field and hit a farmer, killing him instantly, before coming to a halt a few yards short of a house. The Chinese pilot, Xiao Tianyan, 33, shouted for help; the navigator was dead. The radioman walked away with light bruises and asked to be sent home to China. Thus ended Navy Pilot Xiao's dramatic escape in his Chinese-built version of a Soviet Ilyushin Il-28. The pilot said...
Three months ago, De Benedetti, through a family holding company, became the principal owner of Industrie Buitoni Perugina, one of Italy's largest food producers. Last week he took another big bite by announcing that he would pay $250 million for 51% of SME, a food subsidiary of IRI, the Italian government's vast holding company. The acquisition package includes more than 14 companies, which have 20,000 employees, operate 300 restaurants and 80 supermarkets as well as plants turning out everything from ice cream to tomato paste. Buitoni and SME together will have annual revenues of $2 billion...
...DECEMBER 22. 1984, an electronics expect named Bernhard Goetz became a hero by pulling out a gun and shooting four teenagers who, he told the conductor of the IRI subway train on which he was riding, tried to rip him off. Then he went to New Hampshire...
Most of the devices, which are used mainly by big-city banks and suburban ones that are frequently held up, are made by the'U.S. Currency Protection Corp. of Arizona and IRI Americas in Pennsylvania. The firms, though, are facing a rival system made by Scented Money Deterrent Co. of Atlanta. That device releases the odor of rotten eggs, leaving a pungent trail for police to follow...