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Money & Motels. As a civil servant, Mattei was appointed head of Mussolini's nearly defunct oil exploration agency in 1945, with orders to liquidate it. Instead he poured money into research and discovered vast fields of natural gas in the Po Valley. Today ENI gas, pumped through 3,100 miles of ENI's own pipelines, supplies 2,500,000 Italian families and 2,000 factories...

Author: /time Magazine | Title: ITALY: Still on Top | 5/25/1959 | See Source »

Trout & Charity. These successes conceal Mattei's bleak record in oil development. He has driven private oil-producing firms out of Italy, and while neglecting oil exploration in the promising Po Valley, he has scattered his capital around the Middle East, acquiring concessions in Iran, Egypt, Morocco and Somaliland, with little to show for it. He benefits from laws left over from fascism, which give his state organizations monopolistic power...

Author: /time Magazine | Title: ITALY: Still on Top | 5/25/1959 | See Source »

Tibetan Buddhism, called Lamaism, is a variant of Mahayana, basing a large part of its practice on the revelatory Tantric texts. It absorbed much of the dark, animistic Bon Po religion of primitive Tibet and swarms with demons and fiercely copulating gods. The world is haunted by such specters as the ro-langs, or standing dead. They walk with their eyes closed, never change direction, and their touch is fatal to human beings. There are mountain demons who suck the life from unwary travelers, demons who cause hailstorms and earthquakes and eclipses. The Tibetan Buddhist contemplates an intricate pantheon, from...

Author: /time Magazine | Title: Foreign News: BUDDHISM-The Dalai Lama's Faith | 4/20/1959 | See Source »

Biggest trouble of all was in the hastily created people's communes, which showed signs of developing into self-contained economic empires. Some communes, "regardless of the state plan," refused to surrender any of their harvest for distribution in the cities. Complained Finance Vice Minister Wu Po: "There are even communes that make no distinction between their own property and that of the state. They freely use state materials stored in warehouses, eat state grain as they like, and take things from stockpiles without bothering to render receipts...

Author: /time Magazine | Title: RED CHINA: To Catch a Flea | 4/13/1959 | See Source »

...school in obedience to family tradition; like his father before him, he was a member of the Irish Republican Army. At 16, in 1939, he traveled to England with the intention of blowing up the battleship King George V. After less than a week and nothing blown up, British po; lice caught Brendan with the explosive goods on him in a Liverpool slum tenement. At Borstal, one of the "screws" (warders) showed a keen sense of British affection for unsuccessful revolutionaries. Said he to the chubby would-be martyr: "Now, Guy Fawkes, lead on to the dungeons...

Author: /time Magazine | Title: Books: Old School Noose | 3/9/1959 | See Source »

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