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Word: olimpica (lookup in dictionary) (lookup stats)
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...move made by companies in which it has substantial holdings. For example, when Immobiliare teamed up with Conrad Hilton to build the Cavalieri Hilton Hotel on a Rome hilltop, the leftist press angrily accused the Holy See of wire pulling to arrange the zoning. When the government carved Via Olimpica across Rome to speed traffic to the 1960 Olympic Games, anticlerical pundits charged that the thoroughfare was laid out to provide huge profits for Immobiliare, which owned big tracts of property along the route. Early this year, small stockholders raised an outcry against the church when Pantanella, a big flour...

Author: /time Magazine | Title: Investment: Low Profile for the Vatican | 11/28/1969 | See Source »

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