Word: milan
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...more than 2,500 business leaders and politicians to be implicated in Italy's omnivorous corruption scandal. But having lost his empire, his power and now his honor, the thought of a prison cell was apparently too much for him. Lying on a bed in his 18th century Milan palazzo two weeks ago, just hours before he would have been arrested, Gardini pressed a pistol to his temple and fired...
...return of the Albanian boat people who were sent back two years ago, the Italian navy is patrolling the Adriatic. The powerful opposition group, the Northern League, calls unabashedly for zero immigration. "There should be an end to all this false pity," says Gianfranco Salmoiraghi, a League official in Milan. "Immigrants are caught in a form of slavery, exploited by unscrupulous employers to accept lower wages, thus depriving Italians of work...
...Milan G. Chheda '93, a Physics concentrator who will spend the next year at Hebrew University in Jerusalem on the Wallenberg fellowship, plans to study government and work on a human rights project. "Israel seemed cool just because of the history the whole area has," he says. "I thought it would be cool just to go far away...
...desperate effort to pare down the debt, Fimpar, the Aga Khan's holding company, planned to raise $200 million on the Milan stock exchange. But the Gulf War scared off investors, and the plans had to be dropped. Finally, the Aga Khan hired Goldman Sachs last year to sell off some of Ciga's lesser hotels in hopes of raising roughly $175 million to repay loans and stanch losses. One of the few buyers that stepped forward was Situr, an Italian property group, but before a deal could be struck, Situr alleged that Ciga's books contained serious irregularities...
Shares of Ciga remained frozen on the Milan stock exchange last week as the hotel company reported losses of $173 million for 1992. Yet because he deftly avoided putting any of his private fortune of about $1.4 billion on the line to bail out Ciga, Prince Karim remains one of the world's richest men. He may thus become the first in his line to be in financial trouble despite being worth his weight in diamonds...