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Humphrey's advice was seconded by witty, urbane Eugenio Gudin, Finance Minister of Brazil, who is now hoping to relax some of the tight restrictions against outside investors imposed by the late President Vargas. Gudin said underdeveloped countries must rid themselves of "three plagues . . . expropriation of foreign property without payment . . . inflation [and] nationalism." But he also had some advice for Humphrey and the U.S.: give the U.S. businessman an income-tax break on foreign investments. (At present, foreign profits are taxed twice−in the country in which they are made, and in the U.S.) Concluded Gudin: "After...

Author: /time Magazine | Title: INVESTMENTS: Words of Advice | 10/11/1954 | See Source »

...Viva il Papa, Viva il Papa! shouted the crowds in Rome. They were cheering not only the office, not only a faith, not only the past in which they glory. They were cheering not only the Pontifex Maximus as they have almost always cheered him, but a man. For Eugenio Pacelli, for the past 15 years known as Pius XII, Bishop of Rome and Vicar of Jesus Christ, is a new kind of Pope...

Author: /time Magazine | Title: Religion: Urbi et Orbi | 12/14/1953 | See Source »

Roman Boyhood. Eugenio Maria Giuseppe Giovanni Pacelli was born in 1876, five years after Communism's first major appearance in Europe, the bloody Paris Commune. The Pacelli family had served the Holy See for two centuries: his father was dean of the Holy See's lawyers. Eugenio, a shy and serious child, was early drawn to religion. With candlesticks, tablecloths and saints' pictures begged from his mother, he played at celebrating Mass. Once, when asked what he wanted to be when he grew up, he answered: "I would like to be a martyr-but without the nails...

Author: /time Magazine | Title: Religion: Urbi et Orbi | 12/14/1953 | See Source »

...Eugenio Pacelli, 63 that day, the event was anything but "a great joy." Later that day, the new Pope went to see an ailing cardinal, an old friend, who had been too ill to attend the voting. The old man raised himself up in his bed and began: "Your Holiness . . ." The Pope interrupted him sadly. "Not yet," he said. "For now, let it still be Francesco and Eugenio...

Author: /time Magazine | Title: Religion: Urbi et Orbi | 12/14/1953 | See Source »

Almost fully recovered from his long bout of winter illness, Pope Pius XII was back last week at his hard-working routine. He was up in the morning at 6:30, and often the light in his study above St. Peter's Square was burning at midnight. Yet Eugenio Pacelli, still as slim and erect as a brigadier in the 15th year of his reign, is also in the 78th year of his life, and so, among Rome's churchmen, the talk is of his successor...

Author: /time Magazine | Title: Religion: Rome & the Future | 4/20/1953 | See Source »

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