Word: madrid
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Quietly and cautiously, the Spanish government set about looking for a partner-preferably a U.S. firm that could bring in both capital and technical know-how. In March 1965, bids were solicited from some 30 companies, including British, German and Japanese. Each competitor sought out representatives in Madrid with the best contacts and noblest titles that could be found...
Throughout the negotiations, the venture had been discussed as a joint Spanish-American undertaking, with 45% going to the U.S. partner. But last March, when Madrid decided to strengthen its bid for a link with the Common Market, it seemed a good idea for Spain to show itself as Europe-oriented by offering Common Market companies a piece of the Sahara bonanza. That piece, of course, was to come out of the American share. I.M.C. was first to guess what was going on. Boldly, it lowered its demand for 45% participation...
...ended. In 1962, he offered Southern Methodist University a new museum, to be stocked with his collection of Spanish old masters, and endowed it with $1,000,000. But art scholars are now taking a closer look at Meadows' Spanish collection mostly bought from one Madrid art dealer and valued at $3,000,000. Already one expert has flatly declared the El Greco Annunciation a fake, and others are being questioned...
...Opus Dei," he said in a rare interview with TIME'S Madrid bureau chief, Peter Forbath, "was born to tell men and women of every country and of every condition, race, language, milieu and state of life-single, married and priests-that they can love and serve God without giving up their ordinary work, their family or their normal social relations. My teaching has been that sanctity is not reserved for a privileged few. Every profession, every honest task can be divine." In Spain, the membership of Opus Dei includes movie directors, jet pilots, labor leaders, high-fashion hairdressers...
...acknowledged to be Spain's best university by far. Its graduate school of business administration, opened in Barcelona nine years ago in conjunction with Harvard, was the nation's first institution to teach modern management techniques on a graduate level. It operates a trade school in a Madrid working-class district known as "Little Moscow," a center for the ever-rebellious coal miners of Asturias, even maintains a "spiritual retreat" where bullfighters can escape at least the horns of the devil...