Word: italian
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Dates: during 1940-1949
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...went to Pizen, then Prague, and then south to Moravin and Brne. There are many police here and there are many soldiers, but not any more than there are in France. Hitching from Prague I was stopped by a klotch of six policemen, each of whom looked like an Italian admiral. Two of them ran over to the side of the road, plied me with cigarettes and what conversation we could manage, while the other four formed a block of the road and stopped every car until they found one going to Brno. We shook hands all round...
...Italian exports have been dropping fast, due to the weird double currency standard under which Italian exporters were forced to operate. The government had required them to exchange half of any dollars they earned at the "legal" rate, let them sell the other half in the free (i.e., black) market. But as the exporting manufacturers had to pay for imported raw materials at the black-market rate, the squeeze robbed them of their profits-and their incentive to produce...
...force manufacturers to unload hoarded stocks, taxes were upped. To nip the credit inflation, he halved the lending power of Italian banks. To tide over small companies, the government formed the Fondo Industrie Mecaniche, a sort of RFC. In two months it has already made loans of 5 billion lira...
...these distant dangers are less fearsome to Italian businessmen than the current dangers of uncontrolled inflation. And the first results have been enough to give them hope that Italy-if provided with U.S. raw materials-may finally have a program that will cure her sick economy. The final success of the program will depend on the skill with which the De Gasperi government can combat the rule-or-ruin tactics of the Communists (see FOREIGN NEWS). But the program's first success last week was measured by the energy, bordering on fury, with which the Communists were trying...
...Live in Peace. A pastoral tragedy about an Italian peasant plowed under by history (TIME...