Word: ltalia
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Dates: during 1960-1969
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They may soon change their ways. Moving boldly into a field that has belonged almost exclusively to pawnbrokers and loan sharks, who charge 30% to 100% interest, the Milan-based Banca d'America e d'ltalia, a subsidiary of the U.S. Bank of America, set up a small-loan program late in 1965. Its slogan: "Anyone who works can have credit." The cost of that credit is only 6% discount a year. And where loan sharks demand heavy collateral, the bank, for its one-year loans of up to $1,600, asks only for proof that the borrower...
Even Credit Cards. American banks have also introduced European businessmen to such U.S. banking practices as factoring and leasing, and are wooing smaller customers for the first time. Italy's Banca d'America e d'ltalia, which is controlled by Bank of America, last summer opened Italy's first bank consumer-credit service, provides loans of from $165 to $1,600 at a discounted 6% interest rate instead of the 30% to 100% interest that Italian loan sharks demand...
...newest acquisitions, lifted into place last week, are two reliefs by Italian Sculptor Giacomo Manzù, 56, who did the Doors of Death for St. Peter's in Rome (TIME, July 24). Designed for the portal of the Palazzo d'ltalia, the bronze plaques replace a blatant bit of Mussolini modern-a 1935 glass panel of a lump-shouldered shoveler by one Attilio Piccirilli, inscribed ART IS LABOR; LABOR IS ART. "Brutto!" exclaimed Manzù when he saw it and, commissioned by the Fiat automobile company, engraved in 1963 his own images in bronze...
Over the Hill? Anquetil can afford to be rude. He is the only cyclist ever to win all three of Europe's top marathon races-the Tour de France, the Giro d'ltalia and the Vuelta a España. He once set a world record by covering 46,159 km. (about 29 miles) in one hour and he has won the Grand Prix des Nations, a kind of World Series of bike racing, seven times. The sport pays him $150,000 a year, and he lives in champagne luxury-beautiful blonde wife, country house near Rouen, Mercedes...
...Rachmaninoff piano-cello sonata. What's more, the musicians' enthusiasm for the series seems to be shared by an Italian concert public long uninterested in chamber music. "One of the most original and happily realized formulas of the festival," glowed Rome's II Giornale d'ltalia. The Italian radio network helpfully broadcast most of the chamber music from Spoleto; and a bank manager in Rome, getting wind of an especially good program of quartets, promptly closed his branch and rushed off to the festival matinee with his entire staff...