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...turnaround to become Europe's best- selling automaker, the Tripoli government refused to part with its shares. Last week Libya, presumably strapped for cash by low oil prices, handed over its shares for a handsome $3 billion. Two of the buyers, West Germany's Deutsche Bank and Mediobanca of Milan, plan to offer their stake to investors, in one of the largest secondary placements to date in the burgeoning Euroequities market...

Author: /time Magazine | Title: Buyouts: At Last, Ciao to Gaddafi | 10/6/1986 | See Source »

...clever young North African was a teacher of rhetoric who, in his 32 years, had explored such fashionable beliefs as Manicheism and skepticism. Lately, living in Milan, he had been drawn intellectually toward Christianity through the preaching of Bishop Ambrose, but resisted full commitment, partly because of personal circumstances. He had fathered a son out of wedlock by one mistress and had recently begun living with another while he was waiting for the woman with whom he had arranged a social-climbing betrothal to reach marriageable...

Author: /time Magazine | Title: Religion: The Second Founder of the Faith | 9/29/1986 | See Source »

...this 1,600th anniversary year, few tourists in Milan notice the halfconcealed cathedral doorway leading to the remains of the baptistry where a naked Augustine was immersed by St. Ambrose. In Annaba, Algeria, near the site of ancient Hippo, where Augustine served as priest and bishop, the occasion is being largely ignored. But in other places around the world, numerous conferences on Augustine's thought are marking the anniversary, including last week's assemblage of 500 scholars from 19 nations at the Rome headquarters of the Augustinian order. One notable in attendance, Joseph Cardinal Ratzinger, the Vatican's doctrinal overseer...

Author: /time Magazine | Title: Religion: The Second Founder of the Faith | 9/29/1986 | See Source »

...founder's battle cry did not always ring well in the 1960s and '70s. Popes John XXIII and Paul VI were building bridges toward Marxists and atheists, a policy that still attracts some of Italy's bishops. Many of them -- including Milan's influential Jesuit Archbishop Carlo Maria Cardinal Martini -- are dismayed by C.L.'s independent spirit and its insistence that a true Christian can have only one political and social outlook, a fault they label "integralism." Retorts C.L. Member Ronza: "We don't want to impose our Christian ideals on anyone, but we want an equal hearing...

Author: /time Magazine | Title: Religion: The Pope's Youthful New Jesuits | 9/8/1986 | See Source »

...political arm, the Movimento Popolare, was elected in 1984 to the European Parliament with heavy C.L. support and then voted president of the Parliament's political affairs committee. In Italy's 1985 municipal elections, C.L.-backed candidates were voted into nearly 1,000 positions, including deputy mayor of Milan...

Author: /time Magazine | Title: Religion: The Pope's Youthful New Jesuits | 9/8/1986 | See Source »

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