Word: italian
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Dates: during 1960-1969
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...Italians loathe free competition, wrote Author Luigi Barzini, preferring to protect themselves by rigid organization. Barzini's theory is especially borne out among old-guard Italian financiers. To preserve their power - and the value of their investments - they arrange for their firms to control one another through a cozy network of holding companies. Chemical-making Montecatini Edison, Italy's largest private industrial corporation, was long the leading shareholder in both Italpi and Sade-Finanziaria, holding companies that, as it happens, control Montecatini Edison. Italmobiliare is 100% owned by Italcementi, an important shareholder in Bastogi, which in turn owns...
...same time, they have long wielded enough power to inhibit rivals from venture investment in Italy. The Italian stock market is controlled by about 20 financial companies of such interwoven ownership that their directors answer mainly to themselves. So few investors care for these conditions that the total value of shares traded on the Milan stock exchange in a year barely equals that traded on the New York Stock Exchange in a week. Worse, the system has begun to bleed Italy of funds that the country needs at home. During the first six months of this year, some $1.5 billion...
...took one Italian housewife just a year to move from the kitchen to control of a successful leather-goods company. Now she's planning a recording session and thinking about her first movie-and who knows? Of course, Maria Scicolone Mussolini, 31-year-old mother of two, has a couple of uncommon advantages. Her husband is Jazz Pianist Romano Mussolini, Benito's son, and the familiar surname may have helped to make her shoes and handbags all the rage in Rome. In the same circular way, it may help sell records. The movie? Well, Maria is also Sophia...
...most familiar structures in America. Called "the Olson farm," it stands bleak and solitary above a brown-grass hillside in Andrew Wyeth's acclaimed and much reproduced painting, Christina's World. Now the house belongs to Hollywood Producer Joe Levine (Two Women, Divorce-Italian Style), who owns 13 Wyeths and has just paid $30,000 so that the house can be preserved and restored as a Wyeth museum. The producer and his wife paid a visit to Gushing to sign the papers, and Wyeth was so delighted that he and his wife engaged the Levines in an impromptu...
...monument stood, only to be destroyed by fire a few years later. In restoring it, his brother added four additional domes, creating the distinctive five-dome arrangement that was widely copied throughout Russia. In 1475, Ivan the Great found the white stone structure so beautiful that he instructed the Italian architect Fiorovanti to use it as the model for Moscow's Cathedral of the Assumption in the Kremlin...