Word: milan
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Dates: during 1960-1969
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...baked Sicily is a poor and promise-hungry land whose chief exports are citrus fruit and talent. Armed with native Sicilian shrewdness and the desire to get ahead, thousands of its sons have slipped into the mainstream of Italian business. Few of them have had more spectacular success than Milan Financier Michele Sindona, who founded and heads a corporate complex of manufacturing firms in nine countries and real estate firms in five. While many Italian businessmen are nervously retrenching in the face of rising costs and tightened credits, Sindona, 44, is moving ahead as if the economy were still...
Bucking and bawling, 150 spindly-legged calves were put aboard a Milan-bound TWA jet cargo plane at New York's Kennedy International Airport last week, the first of 100,000 U.S. calves bound for European tables this year. Most U.S. farm exports do not rate jet accommodations, but they are increasingly getting a first-class reception around the world. In fiscal 1964 the U.S. reported a record $6.1 billion worth of agricultural products, $1 billion more than in the previous year. Only $1.6 billion of the total was tied in with U.S. aid programs-and the recent rise...
Italy's wholesale prices have steadied, and Milan's stock exchange index has just crept above 6,000 for the first time since last spring. Last week, Treasury Minister Emilio Colombo reported that Italy's balance of payments has switched from a monstrous $1.2 billion deficit last year to a surplus of $535 million for the past five months. At the same time, Parliament acted to curb the national passion to buy on credit by passing a law requiring 25% down and two-year terms on installment purchases. Best of all, the lira has been revivified...
Franco Marinotti, president of Milan's SNIA Viscosa and an old hand at bargaining with Russians, has his own rule of thumb: speak fluent Russian, offer long-term credit and toss down vodka like a Russian. He does all three...
...have been purely and unesthetically functional. The second probably made some attempt at cleaner line or tidier thong. Since then, artists have gone ever more deeply into producing functional objects of greater grace, of design that encourages use. At the 13th Triennale of industrial design, now on in Milan, designers from all over the world are showing that they can offer mass-made items as commonplace as axes yet beautiful enough to be passed on as heirlooms...