Word: brokering
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...permitted to expand farther beyond its natural boundaries at general taxpayer expense; that AEC should buy its additional electricity requirements from privately built steam plants which paid interest on investment and taxes on profits. But in our view, the AEC has been pitched into the role of "power broker" for TVA. The AEC has much more important things to do. It should be able to buy directly all the power it needs for its own vital work. The contract should go to the lowest competent bidder. The thing to do with this Dixon-Yates contract, Mr. President, is to toss...
Last week the New York Journal of Commerce reported that more trouble was blowing up for "Ari" Onassis. Ship Owner and Broker Spiridon Katapodis had filed a sworn deposition with the British consulate at Nice charging that Onassis had landed the contract only by paying high Saudi Arabian officials more than $1,000,000. Katapodis, who said that he was supposed to get $1,000,000 himself for being Onassis' go-between in the deal, announced in Paris this week that he was going to sue Onassis for reneging: Onassis, he claimed, signed the agreement with...
...buying them cheaper later for delivery). But last week it was the New York Stock Exchange itself that was painfully reminded of the penalties of selling "what isn't his'n." It was caught short on a sale of one of its seats: the membership of Broker Edward Platt to Broker W. Allston Flagg for $74,000. Platt promptly protested the sale. He had indeed once asked the exchange to sell his membership, but later changed his mind and formally withdrew the request...
...original U.S. plan for a kind of atomic bank, owning, storing and doling out its own atomic riches, had been changed after Russia refused to participate. Instead, said Lodge, the agency would act only as a "clearinghouse" for requests made by atomic "have-nots"-more a broker than a banker...
...million more in 25 years than the same type plant built and run by TVA. This could scarcely be called free enterprise: no competing bids were seriously invited; Dixon-Yates has been guaranteed a profit; and the Atomic Energy Commission has been brought into the deal as a power broker, a function for which it was never intended...