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...government interference in its affairs, it is being mentioned as a possible candidate for partial state owner ship. The company's leaders, 53-year-old Chairman Giovanni Agnelli and his 39-year-old brother, Managing Director Umberto, are deeply committed to keeping the company in the private sector, but they face conditions that Umberto has publicly labeled impossible...

Author: /time Magazine | Title: ITALY: Fiat on the Skids | 4/1/1974 | See Source »

...troubles point to a trend ominous for other companies besides Fiat: in attempting to cope with Italy's social and economic problems, the government is burdening the private sector with more responsibilities than it can handle. Fiat has tried to help by building big new plants in the depressed southern Mezzogiorno and worker housing in its home city of Turin. Umberto Agnelli criticizes the unions for not taking these expenditures into account when pressing for wage increases to catch up with the cost of living, spiraling at the rate of 15.6% annually; but his greatest scorn is reserved...

Author: /time Magazine | Title: ITALY: Fiat on the Skids | 4/1/1974 | See Source »

...Incas and the life of Western society to which they aspire. In their trips to Cochabamba and to other cities in the valley, they observe a life style that makes them feel backward. The cholos fill the positions of schoolteacher, restauranteur, shopkeeper and administrator. They form the upwardly mobile sector of the Bolivian countryside. I hoped to be able to find some who would not be shy, who would be able to talk about their customs, their work and their political attitudes...

Author: By Michael Massing, | Title: Bolivia | 2/25/1974 | See Source »

...mixed white and Indian blood). Most of the real activity, however, takes place not in these dusty little buildings, but in the streets themselves. Everyday the Indian peasants, who live higher up in the poorer sections of the city, make the long, strenuous climb down into this commercial sector, where they spread their small supply of goods or produce out in front of them on the uneven stones of the streets. As the dark early morning sky begins to lighten, the quarter is slowly transformed from sleepy urban streets into a carnival-like marketplace of relentless color and activity...

Author: By Michael Massing, | Title: Bolivia | 2/22/1974 | See Source »

...protesting women were upper class matriarchs, complaining because higher wages for workers meant more costly luxury items and food. It is easy to point out that the truckers were not salaried drivers, but independent owners who controlled their own trucks. Under Allende, production in the state-run economic sector, in fact, rose 20 per cent, and 35 million acres of land were redistributed to peasants...

Author: By Peter M. Shane, | Title: With Labor and Courage | 2/9/1974 | See Source »

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