Word: cartel
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Dates: during 1960-1969
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...Cologne speech: "We say that the Federal Republic must cultivate and develop the relationship of trust with the United States." From SPD Economic Pundit Heinrich Deist there was no kind word for nationalization of industry; instead, he urged free competition, mildly suggested that capitalism be improved by better anti-cartel legislation and restriction of lobbyists...
...director of Fisons Ltd. another multimillion-dollar British chemical company. A onetime boarding school teacher who sparked Fisons to much-needed modernization and expansion. Wormald accused I.C.I, of wanting "to obtain complete control of the manmade fiber industry in this country in order to participate in a European fibers cartel," predicted that if the merger went through, "every important chemical company in Britain will ultimately succumb." Last week, Fisons' board accepted Wormald's month-old offer to resign. The split, insisted all hands, was in no way influenced by a demand from I.C.I, that Fisons disavow "Mr. Wormald...
Correcting the Common. To enforce the new regulation and to pass upon the acceptability of past and future cartel agreements, the Common Market has a trustbusting department headed by Dutch Economist Pieter VerLoren van Themaat, 45, who rejoices in the resounding title of Director General of Competition. After talking things over with him. George Nebolsine, a top New York international lawyer, concluded that "the department is not going to be lenient.'' Nebolsine also believes that it may well challenge "such very common business practices as the appointment of exclusive dealers in a foreign country, restrictions under patent...
...contrast to the U.S., where the Justice Department cannot always predict whether the courts will find a proposed deal in violation of the antitrust laws, businessmen are promised a solid ruling in advance from the Common Market trustbusters. Equally important, the Common Market commission is expected to condone any cartel that it judges to be economically necessary or beneficial...
...hard-sell techniques can be used in a land where the cartel philosophy lingers on, and where many people tend to scorn price discounting as a plot to put the little man out of business. German law forbids any claims that one product is better than a competing one; also banned are "Brand X" comparisons, bonus coupons, boxtop gimmicks, free tie-in offers and two for the price of one. An adman in Germany may boast that his client's soap washes white-but not whiter or whitest. Thus Y. & R. could not advertise that Remington shavers "have...