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Political Fears. Since Jan. 1, the Zurich market has plunged more than 10%, the Paris Bourse 20%, the Milan Borsa 35%. West German stocks have dropped 10% in the last ten weeks. Why the decline? In many cases, investors have paid less heed to the bright business picture than to present or prospective problems in politics. Italy's stocks have fallen steadily since the government nationalized electric utilities two years ago. In Britain, fears of nationalization moves in the event of a Labor victory have depressed steel shares. New tax laws have also chipped at stocks. Belgium...

Author: /time Magazine | Title: Western Europe: Bears on the Bourse | 7/3/1964 | See Source »

...Suffering through the Oedipal conflict, language dubbing and dense cinematic trickery are Jurgens' wife Alida Valli and daughter Susan Strasberg. Among the more perceptive waiters hired for the revels is Hero Renato Salvatori, who abruptly exclaims: "What a house-lonely, sad, mean and rotten!" Salvatori heads home to Milan, only to find more moral chaos. Jean Sorel is so alienated that he goes to a party and seduces his own wife, luscious Antonella Lualdi, who clearly prefers Host Louis Jourdan. But Jourdan prefers a young man called Bruno, Salvatori's friend. Then, trying to get his mother...

Author: /time Magazine | Title: Cinema: Malaise | 6/5/1964 | See Source »

Still in Eclipse. In Italy, Johnson's image is still eclipsed by Kennedy's. Publications seem more interested in noting that there is an Italian in the White House-Milan's Epoca magazine recently ran a lengthy profile on Johnson Aide Jack Valenti-than in sizing up the White House's tallest tenant...

Author: /time Magazine | Title: Reporting: Johnson's Image Abroad | 5/29/1964 | See Source »

...scene until Christina Austin, 34, Italy's current reigning beauty (Manhattan division) appeared, and he greeted her with a heartfelt hand buss. Since she's still linked with Henry Ford II, they probably didn't discuss a film career, but they both have ties in Milan. With Italians, that's good for an hour...

Author: /time Magazine | Title: People: Apr. 24, 1964 | 4/24/1964 | See Source »

...Cleanup. A few days later, on the 50th anniversary of Padre Pio's ordination, congratulations came from all over the world, including a warm message from the Archbishop of Milan, Giovanni Battista Montini, a longtime friend. But from the Vatican came not a word. Instead, Maccari returned for a cleanup. Result: the trinket vendors drifted away, and the Spiritual Daughters were shorn of their powers. There were cries of "inquisitor," but Maccari had his way. Padre Pio was put under guard, and he soon found himself virtual prisoner in his own convent; his mail was opened and read...

Author: /time Magazine | Title: Roman Catholics: A Padre's Patience | 4/24/1964 | See Source »

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