Word: italianity
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...attempt to revive the Cupola that was the target of a sweeping Italian police raid Tuesday morning that stretched from Palermo to Tuscany and netted 94 people. (Read TIME's top 10 crime stories of the year...
Ponzi was a charismatic Italian immigrant who, in 1919 and 1920, coaxed thousands of people into shelling out millions of dollars - including a staggering $1 million in a single three-hour period - to buy postage stamps using international reply coupons. This strategy, Ponzi promised, enabled one to purchase postage at European currencies' lower fixed rates before redeeming them in U.S dollars at higher values. "For instance," Zuckoff explained in a Dec. 15 article for FORTUNE, "a person could buy 66 International Reply Coupons in Rome for the equivalent of $1. Those same 66 coupons would cost $3.30 in Boston," where...
...from nearby villages with woolly hats and dodgy teeth sell homegrown carrots and potatoes for 25¢ per pound. But look closer, and it's clear that even Lyudinovo isn't frozen in time. A shopping emporium that opened a year ago sells South Korean refrigerators, French yogurt and fake Italian pumps. Several houses are being built on the outskirts - the first new residential construction in more than a decade. And until recently there was plenty of work for everyone at the five factories that employ the bulk of the townsfolk. (See pictures of Russian aristocracy...
...What They're Bailing Out in Italy: In tough economic times, nations have to set financial priorities: infrastructure, jobs ... dairy products? According to the Wall Street Journal, the Italian government is putting up $65 million to purchase 200,000 wheels of Parmigiano-Reggiano and Grana Padano cheese to donate to charity. With hundreds of small cheesemakers in northern Italy losing money, "there was a need for market intervention, just as there was for banks," said Italy's minister of agriculture...
...came to be known, was a grass-roots effort to fight the ill effects of capital-driven globalization. Two years later, in 2001, the movement came to a head at the G-8 summit in Genoa, which was marked by three days of violence and the fatal shooting by Italian police of a 23-year-old protester. Only the attacks on Sept. 11, seven weeks after the chaos in Genoa, diverted the debate from global capitalism to global terrorism. Now, the so-called No Global protesters, feeling vindicated perhaps by the financial crisis and the coming wave of unemployment...