Word: majority
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Dates: during 1960-1969
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...response to Washington's battle against inflation, the cost of borrowing from U.S. banks last week climbed to a historic high. For the third time in six weeks, major banks raised their prime rate, the interest that they charge their best corporate customers for loans. The latest increase, from 6¾% to 7%, is in tended to help curb the nation's overexuberant economy by making credit so costly that businessmen will borrow and spend less. Because they operate in directly, such restraints at best take effect only after a time lag of weeks or months. The immediate...
...other fields, Olivetti's business machines are known the world over. Pirelli exports tires to more than 100 countries, and has become the Continent's biggest tire company. In publishing, Milan's Fabbri Brothers created a major business by capitalizing on Italy's rising educational levels and its fascination with installment-plan buying. They brought out high-quality serializations of The Divine Comedy, the Bible and other works, now sell more than 1,000,000 copies a week on Italian newsstands. Italian designers are famed for what they do with silks and leather, and their fashions...
...under Valletta, Agnelli imposed a U.S.-style rule of retirement at 65 and promoted much younger men. He has also radically decentralized management in the belief that "it doesn't do any good to sit on the heads of your executives." Fiat's managers bring him only major decisions, but on those, Agnelli is the ultimate authority. Under him, the company has greatly broadened its product line, introducing seven new models in the past two years, a feat even by U.S. standards. He is also increasing Fiat's international reach. Not only are more Fiats going...
...Between major works Jean-Luc Godard, like Graham Greene, composes entertainments. Pierrot Le Fou, made in 1965 but just released in the U.S., has little of the celebrated Godardian resonance. There are no impalements of the future, as in Alphaville or Weekend, nor is there much of the mordant social satire of La Chinoise or Les Carabineers. Godard himself feels that the film is merely "life filling the screen as a tap fills a bathtub that is simultaneously emptying at the same rate...
...triumphant London production of Hadrian VII (TIME, May 31, 1968). Now he is hearing it again in Manhattan, where Hadrian opened last week to critical bravos that echoed those back home. Reviewers on both sides of the Atlantic have called McCowen's performance one of the major theatrical events of the decade...