Word: reconstruction
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Dates: during 1950-1959
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...major economic decision without considering its effects on Fiat. In addition to the 117,000 cars, trucks and buses it turned out last year, Fiat made two-thirds of Italy's tractors, three-quarters of its refrigerators, and much of its diesel and railroad equipment. It has helped reconstruct Italy in other ways. After the war, Fiat kept more men on its payrolls than were needed, and only recently has had work for them all. Explains Valletta: "If we had discharged all the people we didn't need, the result might have been revolution...
Free currencies have hardened most in those nations which worked hardest to reconstruct their war-shattered industries and to put their financial houses in order. Since Churchill's belt-tightening program, Britain's "free market" pound has risen from $2.35 in New York to close to the official rate of $2.80. West Germany's Deutsche mark has risen in value from 6? to around 22?, and is rivaling the Swiss franc for stability. Italy's lira, which sank as low as 915 to the dollar during 1948's fears of Communist election victories, is almost...
Daimler-Benz's postwar comeback was slow. For months, the surviving work force of 13,000 did little but rebuild U.S. staff cars to get money to reconstruct the smashed plant. Under Fritz Koenecke, 54, a wartime synthetic-rubber expert, Daimler-Benz production has risen to almost 25% more than its 1938 peacetime peak; its work force is now 35,000. In 1951, Daimler-Benz led all West German auto makers in value of production (800 million Deutsche mark, or $190 million), this year expects to produce 1 billion ($238 million) worth of autos and trucks. Already better than...
...Robinson Crusoe, which he plans to shoot this fall on the Juan Fernandez Islands, 400 miles off the coast of Chile, the scene of the actual story that inspired Defoe. As with Strange Deception, he sees the theme of his next picture as an expression of "how people . . . can reconstruct, outside of existing institutions and helped only by their own moral instinct and by their own experience of good and bad, their own moral life, to solve the main problems of mankind-those of justice and freedom...
...book published last week, Mary Magdalene (Pantheon; $3), is one of the most intelligent and provocative efforts yet made to reconstruct her character and its meaning. The author, Father Raymond Leopold Bruckberger, is a French Dominican priest, recently transplanted to the U.S., whose earlier books of memoirs and stories (One Sky to Share, Golden Goat) have had considerable success (TIME, Aug. 11; Nov. 24). His purpose in writing this one was to bring back to life the Magdalene, "la Femme coupèe en morceaux-the woman hacked into bits by modern exegetes...