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...politicians subjected the country to a 17-day political crisis? The explanation was typically Florentine. Four weeks ago, Spadolini's five-party centrist coalition tried to push through parliament part of a new austerity program designed to boost industrial production, reduce the balance of payments deficit and curb inflation. A renegade group of Christian Democrats broke party discipline and rejected a government proposal aimed at squeezing more tax revenues from the oil industry. Charging that the country was "ungovernable," Socialist Leader Bettino Craxi withdrew his party's seven ministers from the Cabinet. Given Craxi's barely concealed...

Author: /time Magazine | Title: Italy: Carbonara Copy | 9/6/1982 | See Source »

...Senate okays tough moves to curb illegal immigration

Author: /time Magazine | Title: Trying to Close the Barn Door | 8/30/1982 | See Source »

...angry Socialists walked out of the five-party coalition to protest the rejection by Parliament of one of the four decrees in the austerity program. The measure, opposed by the oil industry, was designed to curb tax evasion by tightening up fiscal controls on refiners and distributors of petroleum products. It seemed a small matter on which to bring down a government, but the Socialists took the defeat symbolically because it was caused by about 30 Christian Democrat Deputies, the so-called franchi tiratori, or snipers, who, although ostensibly loyal to the government, voted secretly against the measure. "Under these...

Author: /time Magazine | Title: Europe: The Day of Reckoning | 8/16/1982 | See Source »

...Japanese about the problems they were creating for the U.S. semiconductor industry. In February, Administration officials let it be known that the White House was considering putting restrictions on Japanese chip sales in the U.S. The device was to be a rarely used law that allows the President to curb imports deemed to be a threat to national security. The rationale was that semiconductors are crucial components of weapons systems and that the U.S. should not become dependent on foreign suppliers...

Author: /time Magazine | Title: A Big Fight over Tiny Chips | 8/9/1982 | See Source »

...unexpected vote on business dining was the first effort to curb those deductions since Jimmy Carter's abortive crusade in 1978 against what he called the three-martini lunch. Reaganites were almost as startled by the decision as businessmen. Conceded John Chapoton, the Assistant Treasury Secretary for Tax Policy: "It came as a complete surprise to me. None of us had heard about this...

Author: /time Magazine | Title: Tempest over a Martini Glass | 8/9/1982 | See Source »

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