Word: cartel
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Dates: during 1960-1969
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...romanticism. In Giraudoux, as in Anouilh, there is also an elegance of manner, a fencing master's play of the intellect, and a sense of historical irony of which few Broadway adapters have the remotest inkling. In Madwoman, Giraudoux conceived of a vicious, filthy-rich, top-hatted capitalist cartel that discovers oil under a bistro called the Chez François and is prepared to desecrate all of Paris to pan for the black gold. But the eccentric owner of the cafe, the Countess Aurelia (Angela Lansbury), thwarts these evil malefactors of great wealth. With...
...economic planning. What promoted the move more than anything else was a feud between Montedison's Valerio and Eugenio Cefis, 47, boss of ENI. Cefis was convinced that Italian firms, in order to fare better in foreign markets, had to "coordinate" their sales abroad in a kind of cartel arrangement. Valerio seemed more interested in competing. Cefis, whose obsessive secrecy has won him the appellation "the Ghost," decided to team up with I.R.I, and go after Montedison. His decision had the government's enthusiastic support...
Bigness is by no means new to Japanese industry. The merger trend began with the reconsolidation of some of the old zaibatsu - powerful family cartels that once controlled nearly all of Japanese business, and were broken up during the U.S. postwar occupation. Three parts of a famed zaibatsu, Mitsubishi Heavy Industries, were rejoined in 1964 to form what is Japan's third largest corporation. But the current mergers are not so much part of the old cartel systems as symbols of Japan's new concern over strong foreign competition...
...copper-exporting countries gathered in the sweltering Zambian capital of Lusaka on June 1, the copper-consuming nations had every reason to worry. The idea, as conceived last fall by Zambian President Kenneth Kaunda and Chilean President Eduardo Frei, was to set up a price-and-quota-fixing copper cartel to control the world market. After all, their countries plus Peru and the Congo produce 70% of the earth's copper sold for export. * With economies largely based on copper, all four nations have suffered as the price of the red metal outside the U.S. tumbled from nearly...
Most of the justices found no fault with the merger itself-although William Douglas did worry that the court might be "the final instrument for foisting this new cartel on the country." The big question was what would happen to the small complainants in the face of strengthened competition. Most railroad men assume that all three will eventually be included in another merger under consideration, that of the Norfolk & Western and the C. & O.-B. & O. But the ICC, maintained Clark, "erred in approving the immediate consummation of the [Penn Central] merger without determining the ultimate fate" of the smaller...