Word: mario
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Dates: during 1950-1959
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...nation's President. When the news broke a fortnight ago that Carlos Castillo Armas had deposited the check to his bank account, he promptly volunteered a calm and reasonable explanation: the $25,000 represented nothing more sinister than the repayment of a personal loan to an old friend, Mario Bolanos García, head of Comercial Guatemalteca. But the explanation left some king-size questions: Why was a personal loan repaid with a check on Comercial Guatemalteca, instead of with Bolanos' personal check? Why did wealthy Businessman Bolanos go to the President for a loan instead...
Even those who accepted the President's explanation were pained at learning that he lent money to Mario Bolanos. Bolanos had reportedly made a lot of money out of the severe corn shortage caused by Central America's spring drought. Back in January, it appeared, Insider Bolanos found out that the government, worried about drought forecasts, planned to lift import duties on corn, Guatemala's basic foodstuff. With a Mexican and two Guatemalans as partners, he set up Comercial Guatemalteca to import corn from Mexico. What with import duties suspended and corn retailing for as much...
After 13 days of interregnum, Italy had a new Premier. Christian Democrat Antonio Segni, 64, a lean-featured, soft-voiced professor who looks like a country gentleman of 50 years ago, took over last week where his predecessor Mario Scelba left off, and managed to put together again Italy's four-party, middle-of-the-road coalition...
...year-old Sardinian, a lean, fragile lawyer with a beaked nose and unruly white hair, had just been summoned by Italian President Gronchi to try to form a new government to replace the fallen Mario Scelba (TIME, July 4). Earnest Christian Democrat Segni, as Minister of Agriculture in several De Gasperi governments, drew up Italy's postwar land-reform program, but was less of a success at administering it.* He accepted Gronchi's commission early last week and from his paper-strewn apartment on the Via Sallustiana set about canvassing the three small center parties in hopes...
...Scelba's supporters argue that the Republicans' five votes were not essential to Scelba's majority. Shortly after 9 o'clock in the evening, Fanfani told Scelba formally that "with deep regret" the executive committee had decided not to support him. Next morning, smiling determinedly, Mario Scelba submitted his resignation to President Gronchi. His chief regret, said Scelba mildly, was that he had been overthrown not by parliamentary votes but by party maneuvering...