Word: italianize
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Throw away that corkscrew. This month U.S. wine producer Three Thieves releases Bandit Bianco, an Italian white, in a 1L brick. It is the first widely marketed varietal wine in the U.S. to be packaged in Tetra Pak aseptic cartons--layers of polyethylene, paper and aluminum foil more commonly associated with milk. Europeans and South Americans have been drinking wine from them for years. In 2003, packaging company Tetra Pak, based in Switzerland, sold 1.6 billion wine containers globally. They're cheaper than bottles to make, and unopened they keep everyday wine fresh for a year. The time...
When no. 1-ranked Valentina Vezzali faced off against No. 2 Giovanna Trillini in the women's individual foil final last week, they weren't merely dueling for gold. They were fighting for the title of top fencer in Jesi, the small Italian town where both grew up. And since Jesi has dominated the sport for more than a decade, being best in town right now means being best in the world. Before Athens, Trillini had won four Olympic golds (three team, one individual) and Vezzali had won three (two team, one individual). On the morning of their duel, held...
...work with him," Nozik says. "Walter is the kind of director who's open to everything around him. He just goes with the flow and I think that adds to the vitality of the movie." To get hold of the rights, they went to Gianni Minà, an Italian journalist and documentarian who had received permission from Guevara's widow, Aleida March, to publish her late husband's manuscripts and turn them into a film. "I worked on it for seven years," Minà says. "But eventually I realized it would be impossible for me to make this movie...
...Silicon Valley, have canceled or postponed their IPOs. Round Two Of The Blame Game First the banks, then the auditors. Enrico Bondi, Parmalat's bankruptcy commissioner, filed a $10 billion suit against Deloitte Touche Tohmatsu and Grant Thornton International, the firms that audited the books of the disgraced Italian food and dairy company. The suit follows others filed against Citigroup, UBS and Deutsche Bank (TIME, Aug. 23), as well as Credit Suisse First Boston. Bondi alleges the auditors ignored - and in some cases abetted - management fraud. They deny the charges. Grant Thornton in January expelled its Italian member firm from...
...final months of last year, faced with a hidden but looming bankruptcy, the Italian food-and-dairy conglomerate Parmalat was desperate for money. Officially, it had j3.95 billion in cash on its books; in reality, it had debts of j14 billion and no cash at all. Unless the firm could raise new money fast, it would collapse and the most spectacular alleged fraud in European corporate history would be exposed. At that point, two of Europe's biggest banks - Switzerland's UBS and Germany's Deutsche Bank - stepped in. Both injected fresh funds into Parmalat - but at a huge cost...