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...capacity. Unemployment now stands at 1.1 million and could go as high as 1.7 million next year. That is the price the country has had to pay to get down its ruinous rate of inflation -which has fallen from 24% last year to 9.8% in September-and repay its foreign debt. With prices moving more slowly, Prime Minister Moro's government has recently enacted a $6 billion recovery program, and there is a good chance that the Italian economy will begin to climb slowly in mid-1976. The pace of any economic risorgimento will depend on two things: whether...

Author: /time Magazine | Title: Business: Seeking an End to the Global Slump | 11/17/1975 | See Source »

...refused to show up for a Maryland concert Appel had booked into a 10,000-seat auditorium. The money is starting to flow in now: Springsteen takes home $350 a week, the same as Appel and the band members. There are years of debt and back road fees to repay. Besides, Springsteen is not greatly concerned about matters of finance. Says John Hammond: "In all my years in this business, he is the only person I've met who cares absolutely nothing about money." Springsteen lives sometimes with his girl friend Karen Darvin, 20, a freckled, leggy model from...

Author: /time Magazine | Title: The Backstreet Phantom of Rock | 10/27/1975 | See Source »

...least arguable contentions of the feminist movement is that a woman should be able to borrow as much money, and as easily, as a man of the same ability to repay. But women can cite many examples of pervasive discrimination against them in the granting of credit, such as these...

Author: /time Magazine | Title: BANKING: Women Move Toward Credit Equality | 10/27/1975 | See Source »

...Favor. Officers of the bank and the credit unions insist that they apply sound commercial standards in granting or refusing credit. "No women will get loans just because they are women," says McWhinney. "If she cannot repay it, it doesn't do her or the bank a favor to give her the money." McWhinney hopes, however, to show that women are capable of handling credit...

Author: /time Magazine | Title: BANKING: Women Move Toward Credit Equality | 10/27/1975 | See Source »

...Saturday, October 11, keyboard wizard Rick Wakeman, formerly of Yes, will be appearing at the Music Hall. Upon completion of his "Journey to the Center of the Earth" tour, Wakeman wanted to repay his fans for their loyalty with a presentation they would never forget. Faithful to his promise, Wakeman will transform the Music Hall stage into a medieval circus for his interpretation of the legend of King Arthur, complete with damsels in distress, magicians, and a jousting bout between knights in armor. When asked bout the financial side of this musical fantasia, Wakeman replied, "It'll probably break...

Author: By John Porter, | Title: Rock | 10/9/1975 | See Source »

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