Word: reckonings
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Dates: during 1960-1969
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More than any other man, elusive Enrico Mattei, 56, influenced the sustaining postwar boom known as the "Italian Miracle.'' Boss of the state-owned oil and gas monopoly called E.N.I, (for Ente Nazionale Idrocarburi), he made it a power to reckon with in Italian politics, and was lionized by ordinary Italians for his daring, his nationalism-and his luck. He earned a U.S. Bronze Star as a war-time partisan. Elected to the Chamber of Deputies, he was put in charge of the sputtering state oil monopoly. Unwilling to see this remnant of Fascism dismantled, he disobeyed government...
...that little group of men who sit at the financial hub of the world's wealthiest nation and by their nods give the stop or go sign to enterprises from Bonn to Bangkok. They wield vast powers?and yet must correctly size up situations around the world and reckon on economic and social changes bigger than their own power to control. They cannot sit still or their strength diminishes; but when they move, they must be nimble as well as sure...
...preoccupation with access rights, both on land and in the air. In a test of strength with East Germany alone, the three Western powers' 11,000 man Berlin garrison would be outnumbered by Ulbricht's 24,500 armed forces and paramilitary police. They would also have to reckon immediately with the three Soviet divisions that are in and around the city. But, as General Maxwell Taylor, soon to be chairman of the Joint Chiefs of Staff, has pointed out, the likelihood of direct Soviet attack on West Berlin is extremely remote. What the West does face, he predicted...
...Tribune the same day. These conflicting headlines reflect a situation that is frequently hard to fathom, but that matters more and more. At a time when the U.S. has to worry about its own place in international economic competition, the prejudices of informed opinion abroad are a factor to reckon with. Last week TIME correspondents took their own survey of top businessmen and economists from London to Tokyo...
...recession strikes so soon, the current recovery will prove to be the shortest as well as the shallowest since the war. But there is one consolation: most economists reckon that, whenever it comes, the next recession will be one of the mildest ever, because the economy has not built up big enough for a hard fall...