Word: mussolini
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Both the Cornigliano and Terni plants are owned by Finsider (Finanziaria Siderurgica), a government-owned steel trust set up by Mussolini to modernize Italy's steel industry. (It now controls 45% of the industry.) The trust did not do very well with the production of rolled steel: total production last year was only 300,000 tons, barely half the country's requirements. When it reaches capacity in about two years, Cornigliano alone will roll 458,000 tons, and should be able to undersell other Italian-made steel by 25%. Armco will send 60 technicians to Italy to train...
Correspondent Streit covered Mussolini's March on Rome. He went to North Africa for the New York Times to report the peaceful exhuming of an older, buried civilization-Carthage-and found himself reporting the Riff war. He covered the Balkans and ended up finally covering the League of Nations in Switzerland...
When Sir Oswald Mosley, British Fascist leader, arrived in Rome last week, the Communist newspaper L'Unita printed his photograph upside down. It was no mistake, and with a little helpful prodding from L'Unita, most readers got the point. In 1945, after Italian Partisans executed Benito Mussolini and his mistress, they hanged the pair upside down in Milan...
...Congress, including T. S. Eliot, awarded the annual $1,000 Bollingen Prize for the "highest achievement of American poetry" to Ezra Pound (TIME, Feb. 28, 1949), who was then in an insane asylum and under indictment for treason (he had spent the war in Italy as propaganda broadcaster for Mussolini). Some critics attacked Eliot as being chiefly responsible for the award, but the jury emphatically denied that Eliot had nominated Pound for the award, or had exerted any influence on his behalf...
...Named for the Roman House of Rondanini, which owned the statue for generations. *In 1937, Mussolini's officials had scotched the U.S. sale for another Michelangelo Pieta by put-ing a $2,500,000 export price tag on it; later an Italian bought it for about $250,000, presented it to the state...