Word: virtualization
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...Montedison was on the verge of "hidden nationalization." The two biggest government industrial enterprises-ENI and I.R.I.-recently acquired a near-controlling interest in Montedison, a diversified manufacturer of chemicals and other basic products (TIME, Oct. 18). Now they were proposing a rule change that would give government forces virtual veto power in the Montedison board. Enraged, more than 2,000 small stockholders turned up at the meeting, the largest such group ever to so gather in Italy...
...face of such fortifications." The U.S. termed Egypt's step "retrogressive" and, along with Britain, appealed to both sides to respect the truce. United Nations Secretary-General U Thant gloomily said that "the cease-fire has become almost totally ineffective in the Suez Canal sector, and a virtual state of active war now exists there...
...MATTER what the captions on Life magazine say, Harvard has never experienced "centuries of academic calm." In fact, from 1766 to 1834, students seemed to go on a virtual rampage. Lewis Feuer has traced student politics back to the French Revolution, and his Conflict of Generations signifies a major effort to give these movements historical perspective and academic respectability. Feuer largely concentrates on the political consequences of the conflict, not the Oedipally determined struggle of sons against fathers. The element of generational conflict, he contends, has led students to amorality in the choice of political means. Given...
...relationship came about naturally enough, since the U.S., with its virtual nuclear monopoly, was the military mainstay of NATO in the early years. But the military situation has changed, and the Europeans have failed to assume the proper share of their own defense. Most of NATO's European partners spend less than 6% of their gross national products on defense, v. the U.S.'s 10%. One consequence is that NATO has never met its defense goals. At present, NATO combat-ready troops, whose divisions are below full strength, are outmanned by Warsaw Pact forces along the Central European...
...regime. While revelers are putting the final touches on their colorful fantasias, the stunning costumes that give carnaval its color, the dour government of President Arthur da Costa e Silva continues its purges and its arrests. Scores of Brazilians are in jail, and some will sit out carnaval in virtual exile, on the lonely island of Ilha Grande, 70 miles off the coast...