Word: lira
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Dates: during 1950-1959
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Until World War II, "Casa Verdi" in Milan housed 100 pensioners in gracious ease. But Casa Verdi's income suffered when buildings in which some of its capital was invested were bombed in air raids. Moreover, the lira isn't what it used...
...Premier Alcide de Gasperi's government three years ago had launched Italy on a course of courageous fiscal austerity. The government tried to spend as little as possible on public works, clamped severe restrictions on bank credit. These measures worked to stop inflation, stiffened the spine of the lira. But Italy, the ECA men say, has had an overdose of its fiscal medicine...
...their opinion, the Italian government is too preoccupied with keeping the lira stable, is not doing enough for a vigorous expansion of industries. Businessmen find it hard, if not impossible, to get capital for expansion; the credit shortage is part of the reason why Italian industry, despite great progress, is still not producing enough (the mechanical industries now operate only at 60% of capacity). ECA officials were worried about Italy's 1,800,000 unemployed. Above all, they were afraid that Italian industry in its present condition would not be able to do an adequate job of defense production...
...Italians who jammed the city of Monza (pop. 69,000) one day last week, the final of the world championship motorcycle race was the sport event of the season. They got their lira's worth out of the race; it was a thriller. They also got an unscheduled added attraction in the performance of Flagman Giovanni Curli, official in charge of signaling the start and finish. Flagman Curli literally stopped the show...
...solemn-eyed baby. (But in one six-picture sequence, four-month-old Renato obligingly worked himself up to a bellylaugh under his father's skilled direction.) When Editor Mautner heard what Bureau Chief Chinigo had paid for the pictures, he redoubled his congratulations. The price: not one thin lira...