Word: spaventa
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...cost of a company payroll. The bulk of international transactions is made in dollars, and an unstable currency makes all planning difficult. Moreover, some experts wondered if the new situation of a strengthening dollar would quickly be followed by a weakening of the U.S. currency. But Italian Economist Luigi Spaventa challenges this view, arguing: "The underlying causes appear to be far stronger than in previous cycles of the dollar...
...after early signs of recovery from recession became visible in the U.S., they are appearing in Europe, too. They are confined to a few key indicators (auto sales, appliance and consumer buying) and are most evident in two key countries: West Germany and France. Nonetheless, says Italian Economist Luigi Spaventa, voicing a general European view, "I expect we've hit bottom. Now it depends on how long we keep crawling along down there...
...GEORGE SPAVENTA-Poindexter, 21 West 56th. New York Sculptor Spaventa's figures are malformed blobs of metal that look as if they were still taking shape-or beginning to melt. But his elongated, bulbous nudes are balanced firmly on broad bases, seem to grow naturally out of their own bulky substance. More than 60 small bronzes, also some drawings. Through...
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