Word: turin
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Dates: during 1970-1979
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...Italy, pervasive kidnapping and a sharp drop in productivity led to "the logical next-step--the abolition of the debased currency in favor of people as a medium of exchange...in Turin, a $100 bill would procure a plump industrialist. In the provinces, it was difficult to get change for a judge or a factory owner, but the exclusive shops along the Via Condotti in Rome could easily break a bank president...
...international bankers find this money eminently spendable. If Exxon earns $100 million on sales in Europe and deposits it in a U.S. bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or Trenton. Because the dol lars are outside the U.S., the bank is free from Federal Reserve rules that require it to keep as much as 16.25% of its U.S. demand deposits frozen rather than loaned out. Since this free dom lowers the bank's costs, it can pay perhaps...
...days-a new national record-and dating back to January when Premier Giulio Andreotti was toppled by the Communists' withdrawal of their parliamentary support. It also showed every sign of being a stopgap. "We will have a government of truce," quipped a deputy in a cartoon in Turin's daily Stampa Sera. "Hostilities will be resumed at a date to be agreed upon...
...field team, for example, arrived without such mainstays as Hurdler Edwin Moses, Miler Francie Larrieu, High Jumper Franklin Jacobs and Middle Distance Runner Steve Scott. Even the East Germans seemed to have better things to do, preferring to concentrate on this week's European Cup track competition in Turin...
...There is bound to be a profound debate on the identity of the party itself and on the whole idea of Eurocommunism," says Arrigo Levi, former editor of Turin's La Stampa. "Did it go too far or not far enough? The left wing will say we have to be more strongly 'Communist' in order not to lose more ground on our left. The right wing will say we have to recover more of the floating vote from the center and therefore we have to become more social-democratic." The outcome of the debate may well determine...