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...Antonio Pesenti, Communist economics expert, fired the first broadside in what the Italian press had dubbed the battle of the lira. Said Pesenti: "Unless the government revises its economic and financial policies radically and immediately, our dear country will plunge into the most frightful economic chaos . . ." Then Minister Pella played his trump cards. He announced 1) an immediate 10% reduction in the controlled price of bread, in answer to Communist alarm cries that as a result of the lira's slump prices would rise; and 2) the purchase in Washington of a little more than $100 million worth...

Author: /time Magazine | Title: ITALY: Battle of the Lira | 10/10/1949 | See Source »

...Italian Liner Rex scratching hives. Explained Purser Luigi Pesenti: "Each year a new supply of Russian grey caviar is taken on and there is too much indulgence. Every year at this time, in June and,July, we always have the cabin passengers suffering from hives...

Author: /time Magazine | Title: People, Jul. 5, 1937 | 7/5/1937 | See Source »

...Podestá Guido Pesenti sat Respighi's plump, 43-year-old widow. Donna Elsa could scarcely see the stage for tears. When the performance ended, the audience roared its thanks to her, knowing that she had finished her husband's last work when he had to lay it down...

Author: /time Magazine | Title: Music: Widow's Night | 3/8/1937 | See Source »

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