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television, according to the testimony of top executives. In 1987, it spent €130 million on a station called Odeon TV that it hoped to build into Italy's third major network, but which collapsed after three years. To stave off bankruptcy, Tanzi engineered a so-called reverse merger, under which it sold itself to a dormant holding company already listed on the Milan stock exchange. The combined firm then raised about €150 million from outside investors. That enabled Parmalat to go public in 1990, and plug some of the gaps in its accounts; at the time...

Author: /time Magazine | Title: How It All Went So Sour | 11/21/2004 | See Source »

...Parmalat expanded globally in the '90s, so did its network of bankers and financial advisers. Ferraris was one of them. Before joining Parmalat in 1997 as an executive in Canada and Australia, he worked for seven years at Citigroup in Milan - and made regular sales calls on Tonna. "There was big competition" for Parmalat business, Ferraris says. At the time, U.S., British and other European investment banks were piling into Italy trying to grab local business, and Tonna played hard to get. "You needed to come up with a product that really interested them," Ferraris recalls. For Citigroup, Ferraris scored...

Author: /time Magazine | Title: How It All Went So Sour | 11/21/2004 | See Source »

...families in Italy, down from 3.5% in 1991. "The state needs to take the long view," Sberna says. "Large families are providing Italy with the gift of new life. And all we get in return are lots of nice words." Sberna's group has hooked up with a network of similar associations around Europe, including groups in Denmark, the Netherlands and Poland, to form a Continental lobby for large families. It plans to take its case to Brussels, hoping the E.U. will set European-wide standards to protect the rights of fruitful families. José Román Losana heads...

Author: /time Magazine | Title: Is Europe Anti-Big Family? | 11/21/2004 | See Source »

...kid’s network and a kid’s movie,” he emphasizes. But “generally we try not to write down to kids. We really just try to write a visual, character-driven cartoon that has a lot of slapstick and really appeals to us. I guess we are just lucky that other adults find that amusing...

Author: By Alexandra B. Moss, CRIMSON STAFF WRITER | Title: ‘Sponge’ Creator Talks Bob | 11/19/2004 | See Source »

...audience took themselves on a voyage through the space and were inundated with visual art and performances. Fascinated by this notion of journeys, the project’s creators decided to take the same idea and expand it to a city, and then connect the cities into a global network of people creating interesting journeys for each other...

Author: By Camille I. Johnson, CONTRIBUTING WRITER | Title: YellowArrow Aimed at Building Art Community | 11/19/2004 | See Source »

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