Word: italianized
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Slowly the Communists are losing what was once a near stranglehold on Italian labor. In 1949 the CGIL (Communist-run labor federation) mustered more than 90% of Italy's union workers; today the Red membership has declined to about 60%. This hopeful trend is being accelerated by a new, hardheaded policy of the U.S. Embassy in Rome, through its control of offshore procurement in Italy (the equipping of NATO forces through U.S. purchases abroad...
...boss of Italy's powerful Ente Nazionale Idrocarburi, the Italian state oil and gas authority, is a slim, eagle-beaked man of 48 named Enrico Mattei. To some Italians he is the greatest man in all Italy. To others, and particularly to U.S. businessmen trying to do business in Italy, Enrico Mattei is the biggest and clearest symbol of what is wrong with Italy's economy. Last week, in the Italian press, both sides were shouting bitter arguments at each other...
...failed. In the promising Po Valley, E.N.I, has produced only a trickle of oil, some 83,000 tons (636,000 bbls.) in 1953. Critics claim that E.N.I, has neither the capital nor the equipment to explore the Po Valley properly. By monopolizing all explorations, Mattei has spent badly needed Italian cash, including some dollar aid from the U.S., when he could have had U.S. firms spend their own money to explore the area. Even in E.N.I.'s successful gas operation, there has been trouble. In the rush to draw off natural gas from the Po Valley fields, E.N.I, failed...
...clearest indication of whether state-run companies can do a better job than private oilmen has been in Sicily. After drilling 20 dry holes, Mattel's A.G.I.P. pulled out of Sicily. In 1950 Sicily, which has a large amount of autonomy, allowed two dozen foreign and Italian firms in to hunt for oil under a new Sicilian law. By last week, Gulf Oil Corp. had brought in three promising wells with an average production of 350 tons daily in the Ragusa area (TIME, Jan. 25). The Anglo-Iranian Oil Co. has reported that it, too, has found...
...work their Sicilian finds was still not settled. Gulf has been given permission to exploit its field. But if Sicily's Socialists and Communists win the regional election this May, private oil companies may well be kicked out of Sicily altogether. However, an increasing number of thoughtful Italians are beginning to wonder if Mattel's state socialism will bring Italy its promised treasures. No one thinks that Enrico Mattei, who stands in well with Italy's political powers, is about to topple from his perch atop the Italian oil industry. But in Italy's Chamber...