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Word: lira (lookup in dictionary) (lookup stats)
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...cryptically as possible. "He was . . . losing grip. His tongue was tricking him into . . . violent expressions." But her description of what happened to Pound when the war ended is detailed and grim. He was arrested by two small-time crooks who had learned that there was a 500,000-lira reward for his capture. Handcuffed to an accused murderer, he was taken by Jeep to a military jail near Pisa. There, at the age of 60, he was kept like an animal in an outdoor cage, exposed to all weathers, for more than six months. He was sent to St. Elizabeths...

Author: /time Magazine | Title: Books: Knee-High to Ezra Pound | 8/2/1971 | See Source »

...hope of parting the consulate from $235 for air fare home and a $40 subsistence allowance. Of the hundreds of hard-luck kids whom consular officers interviewed last year, only eleven passed his truth test. One headache for the U.S. consulate in Rome is youngsters who use their last lira to get to the city's Fiumicino Airport to catch their flight home-but forget about the $1.60 airport...

Author: /time Magazine | Title: Business: Rites of Passage: The Knapsack Nomads | 7/19/1971 | See Source »

Crack the Whip. She practices her father's religion during business hours only. Whereas Carlo was a lifetime lira-pincher who often rode the trains third class and packed his own lunch, Anna lives the life of an empress after work. She maintains an 11th century palace, a hunting lodge and a sumptuous apartment, all crammed with priceless paintings. She keeps her figure trim, dresses elegantly, and entertains salons full of jet-setters and visiting royalty...

Author: /time Magazine | Title: ITALY: The Lady Magnate of Milan | 6/7/1971 | See Source »

...Next, through a neat administrative ploy, Carli made currency speculating less profitable. Foreign banks had been required only to report their lire intake by phone to their nearest correspondent bank in Italy to receive full credit in any currency. Carli decreed that banks abroad would have to send the lira bills to Rome before they could get foreign funds. That caused a costly delay for the money-changers, who responded by discounting lire by as much...

Author: /time Magazine | Title: ITALY: The Lira Wins Again | 1/11/1971 | See Source »

Carli's rescue of the lira has bought time for more fundamental reforms. The Italian Parliament last month approved a package of financial measures, including new incentives for capital investment and taxes on consumer goods that would help check inflation and finance public health and housing programs. The government also has in the works a program of tax reform that would eliminate overlapping taxes, and a law that would allow domestic mutual funds to open in Italy, thus providing a local outlet for investors...

Author: /time Magazine | Title: ITALY: The Lira Wins Again | 1/11/1971 | See Source »

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