Word: lavishness
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...peso, escudo or cruzeiro, which in turn increases import prices and wrecks wage levels. In economically advanced nations, however, the increases are a penalty of unpoliced success. Expanding industrial output in the postwar years, these nations tried to avoid labor shortages with higher pay, more overtime and lavish fringe benefits-until wages finally outpaced production. At the same time, increased consumer spending competed for a relatively stable supply of goods and steadily pushed up prices, particularly of food. Britain slowed its spiraling cost of living by instituting a pay pause in 1961; Italy granted employees in state industries a massive...
Australia woos "new blokes" through lavish advertising campaigns and a big network of immigration officers throughout Britain. But this does not explain the British migration fever. Canada, which actively solicits only professional workers such as nurses and scientists and does not subsidize their passage, expects the 1963 influx from Britain to be double or triple last year's 16,055 total. New Zealand immigration officials say that they too have had a "fantastic" surge of applications. "We're just trying to hold them off," says one. "We just don't have all that much room." One-third...
Only a Caretaker. Moro is said to be reluctant to take on the job, and his lavish praise for Fanfani at the party's national council meeting last week suggested that he, for one, would press for little Amintore's continuance in office. In any case, he would not likely change Fanfani's policies, since he himself was one of the architects of the apertura a sinistra and forced party acceptance of the plan with a six-hour speech at last year's national congress of the Christian Democrats in Naples. But Moro is somewhat less...
Royals and commoners had a rip-roaring time. Highlight of the pre-nuptial festivities was a wingding for 2,000 guests in Windsor Castle's Waterloo Chamber, which is only slightly less spacious than the battlefield itself. Fueled by a lavish buffet, 1,600 bottles of a pleasant, non-vintage champagne and rivers of stronger stuff, the guests twirled and twisted until breakfast. To a man, the roistering royals approved warmly of Alexandra's match. "Thank goodness," whispered one, "she's not marrying one of those awful double-barreled German names...
...player piano in 1891 and his daughter's fascination with the contraption made her more of an impassioned listener than a player. "Why take music lessons," she reasoned, "when I could play anything I liked and it all came out so beautifully on that marvelous thing?" With four lavish homes, a private jet plane and a blue book full of friends to divert her, she still makes sure that she has time, interest and money enough left over for the symphony. The Music for Young America concerts are her proudest philanthropy. "I've had greater satisfaction...