Word: italian
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Dates: during 1970-1979
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While Japanese voters were punishing the L.D.P., an Italian parliamentary commission digging into Lockheed payoffs has been winding up its own probe. The commission has indicted former Premier Mariano Rumor, two former Defense Ministers and nine lesser figures for accepting $1.5 million in Lockheed cash. Now the 20-member board of inquiry faces ticklish legal and political problems. Under Italy's bribery statutes, prosecution of graft-takers is nearly impossible unless those who supplied the cash are also charged. Last week the board considered indicting former Lockheed President A. Carl Kotchian and at least half a dozen other Americans...
...hasten the IMF'S decision and to seek still more assistance from the U.S., Andreotti is due in Washington this week for meetings with President Ford and Secretary of State Kissinger. The Italian leader also hopes to talk to Jimmy Carter-or at least the President-elect's transition team-particularly since during the campaign Carter specifically viewed Communists in Western European governments as a concern but not a catastrophe and indicated interest in opening avenues of communication with them as President...
Three years ago, Libya's ascetic, rabidly anti-Western President Muammar Gaddafi flew into a rage about a mild satire of himself printed by the Turin daily La Stampa. He threatened to have Fiat, the Italian megacompany that owns La Stampa, put on the Arab boycott list unless it fired the paper's Jewish editor, Arrigo Levi. Fiat Chairman Giovanni Agnelli stood by Levi, and the matter was forgotten. Time and oil money, however, can change the political-economic balance of power, and last week Levi had a new story to print. Agnelli announced that he is taking...
...devastatingly ironic example of petropower. The Libyan Arab Foreign Bank will lend Fiat $104 million and spend an additional $311 million to buy newly issued Fiat stock and bonds. That will give the government of Libya-which was an Italian colony until the end of World War II-an immediate 10% ownership of Fiat, the world's fifth biggest automaker, and eventually perhaps 13%; the Agnelli family's controlling interest will shrink from 35% to 30%. Libyans will take two seats on Fiat's 15-man board of directors and one place on the five-man executive...
Rocky is a club fighter-THE ITALIAN STALLION, as he styles himself on the bathrobe he wears into the seedy boxing rings he works in his native Philadelphia. His style is crude, and he is aging none too gracefully. To supplement his boxing earnings he serves as muscle for a loan shark...