Word: sicilian
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...article "Success in Sicily" contained a statement that Gulf Oil (i.e., Gulf Italia Co.) gets from its Sicilian oil-production operations 80% of all profits, instead of the standard fifty-fifty split. The truth is that Gulf Italia Co., under its concession terms established in 1954, pays to the Sicilian government a royalty of one-eighth of the gross production, plus corporate taxes (i.e., income tax and tax on the capital and on the extra profits). The combined and aggregate payment to the government of royalty and taxes brings about a fair and equitable profit sharing, which is practically equivalent...
Home & Abroad. Sicilian businessmen learned to take full advantage of their country's natural resources. Sicily's position astride shipping routes turned the port of Palermo into the Mediterranean's busiest repair center, with 5,000 new workers. New irrigation and land-reclamation schemes are making agriculture a prime source of foreign exchange, with export sales of processed fruits and vegetables rising from almost nothing in 1946 to $37 million in 1955, some $48 million last year. Much of the new industry is homegrown, but much more comes from foreign businessmen and mainland Italians who know...
...TIME, Sept. 2), Sicily encouraged Gulf Oil Corp. with a deal that one U.S. oilman calls "the best terms of any oil company operating anywhere in the world." Instead of the standard fifty-fifty split, Gulf gets 80% of all profits, has pumped $50 million into Sicilian oil development. The payoff: wells that will produce 1,650.000 tons of oil next year, some 15% of Italy's total needs. Last week British Petroleum and Standard Oil Co. (New Jersey) were also coming in beside Gulf...
Where did Squillante's power lie? Perched on the witness chair, the tiny, bespectacled racketeer politely pulled the Fifth Amendment to more than 100 questions, but the committee's evidence appeared to be solid enough. As a member of the so-called Mafia (the ancient Sicilian vendetta society that some authorities claim is running U.S. racketeering), Squillante always managed to avoid deep trouble, although his address book produced the names of such crooks as Joey Surprise, Nanny the Geep and Joe Stutz. He got caught only once, on an income-tax rap. He solved that, the committee charged...
...production that opened yesterday at the American Shakespeare Festival is controversial with a vengeance, for co-directors John Houseman and Jack Landau have changed Shakespeare's old Sicilian locale to 19th-century Spanish-American Texas. (This is not a wholly new idea, for the Brattle Theatre production here two summers ago was laid in 19th-century Spain.) Rouben Ter-Arutunian has designed a handsome and versatile two-level residencia as well as a dazzling batch of costumes liberally provided with holsters and pistols. And Virgil Thomson has written some colorful incidental music, partly original and partly borrowed (e.g. "The Mexican...