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...European-Arab Bank, headquartered in Luxembourg and made up of 16 Arab institutions (including FRAB) and seven European banks. Less than a year old, this group has opened subsidiaries in Brussels and Frankfurt and plans branches in Paris and Milan...

Author: /time Magazine | Title: BANKING: The Gnomes of Araby | 6/25/1973 | See Source »

...second incident took place a few days later in Milan, where an assortment of M.S.I, members and other right-wingers had scheduled a political rally. When the rally was banned because of political tension in the city, the demonstrators marched toward police head quarters. They were met by squads of helmeted policemen; rocks, Molotov cocktails and tear gas began to fly, and hand bombs were tossed toward the cops. One bomb struck a young police man in the chest, killing...

Author: /time Magazine | Title: ITALY: Neo-Fascism on Trial | 5/21/1973 | See Source »

Following the policeman's death, Milan authorities launched a massive manhunt; some 60 neo-Fascist suspects were picked up and grilled. Trying desperately to exonerate the party from blame, M.S.I, leaders offered an $8,500 reward for the capture of the bomb throwers. Eventually, the party itself fingered the culprits: an unemployed la borer named Maurizio Murelli, 19, and Vittorio Loi, 22, the son of former Junior Welterweight Boxing Champion Duilio Loi. However, young Loi later told police that an M.S.I, bodyguard had assigned them to disrupt the rally...

Author: /time Magazine | Title: ITALY: Neo-Fascism on Trial | 5/21/1973 | See Source »

...pelting rain. "Down with the army!" they chanted, until they joined up with some inhospitable union members at the Place de l'Hôtel-de-Ville. A window broke, fists flew, and the chant quickly changed to "Oh, les nouveaux flics [Oh, the new cops]!" In Milan, young people marched under banners that spelled out what they regard as Italy's current evils: IMPERIALISM, FASCISM, CAPITALIST OPPRESSORS...

Author: /time Magazine | Title: EUROPE: The Odd Renaissance of Karl Marx | 5/14/1973 | See Source »

Nauman, a 32-year-old body-artist, video-taper and conceptualist who works in California, is the present Wunderkind of the official avantgarde. His show, booked on the circuit to Bern, Dusseldorf, Milan, Houston and San Francisco, was jointly organized by the Los Angeles County Museum and the Whitney. Its imprimaturs are heavy. There are two long and ingenious catalogue essays by Curators Jane Livingstone and Marcia Tucker, written, alas, in the impacted duckspeak of art magazines (sample: "There is a singular combining of the purely somatic and the archly conceptualized and verbal in his aesthetic cognitions"). Nauman...

Author: /time Magazine | Title: Art: Vapid Wunderkind | 4/16/1973 | See Source »

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