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Saved by Shell, Faina moved to strengthen Montecatini. He acquired Adriatic Electric-along with Edison, one of Italy's five big pre-nationalization electric companies-and with it a $190 million expropriation payment still due from the government. Meanwhile, other nations gradually recognized Montecatini patents on such processes as Moplen, a light, easily molded polypropylene for which Chemist Giulio Natta won the 1963 Nobel Prize. Montecatini now holds 1,800 patents, fattens its income by licensing them in 30 countries. Sales are up 31% to $633.6 million this year, although rising costs continue to hold down profits...

Author: /time Magazine | Title: Italy: The Supercolossus | 12/24/1965 | See Source »

...dissent was a sign of political vigor and would help establish that the basic U.S. policy in Viet Nam had been framed and tested in a climate of "free discussion and openness." The President, while emphatically affirming the right to protest, reminded the protesters that their efforts could only strengthen the conviction in Hanoi and Peking that the U.S. is so riven by internal dissension that in time it would be forced to quit the war. "The fact remains," Johnson said, "that the great majority of Americans do support our course of action in Viet...

Author: /time Magazine | Title: Protest: To Hanoi, from Dr. Spock | 12/3/1965 | See Source »

With the rise of the 35-hour week and four-week vacations, millionaires also detect tempting prospects in recreation. Among them: marinas and vacation homes. The growth of leisure and the youth market will also strengthen businesses involved with education, including secretarial schools and accounting schools. Oakland Lawyer Michael Rafton tapped that market: In 1960 he put up $31,000 to buy a struggling company that had been making big cargo boxes, switched it into the manufacture of portable classrooms, and last year sold out at a huge profit. The demand for time-saving conveniences can be turned into wealth...

Author: /time Magazine | Title: Millionaires: How They Do It | 12/3/1965 | See Source »

...that was only a necessary backward step toward the goal of providing accommodations for all Republicans-wherever they fit in the party spectrum. Last week's G.O.P. victories in New York and other cities, argued Bliss, should provide forward impetus to our "efforts to strengthen the Republican position in metropolitan areas of the nation." He added: "If you have the right candidate, you can break through." That notion was vigorously seconded by Pennsylvania's Governor William Scranton. "The adage that Republicans cannot win in the big cities," said he, "is now out the window...

Author: /time Magazine | Title: Elections: A Bigger Club | 11/12/1965 | See Source »

...omnibus legislation was designed to strengthen developing institutions, turn the resources of the universities toward the problems of the urbanized community and make a college education a genuine possibility for all capable high school graduates. If it succeds, it could be the century's most important development in higher education,--more significant than the Land-Grant College and the G.I. Bill of Rights combined...

Author: By John D. Gerhart and Mary L. Wissler, S | Title: The Higher Education Act: New Step in Federal Aid | 11/2/1965 | See Source »

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