Word: cartelism
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Dates: during 1950-1959
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...RUBBER and Britain's Dunlop Rubber Co. Ltd. have made peace with the Justice Department after six years of fighting a suit charging them with a cartel to divide up world markets in natural latex, rubber thread and elastic yarn. Though U.S. Rubber denies violating the antitrust laws, it has signed a consent decree promising to make its patents available to competitors at reasonable fees, and to manage separately companies jointly owned with Dunlop...
...National Security Council, may prove embarrassing to the Department of Justice, which is pushing an antitrust civil suit against the five biggest oil companies-Standard Oil (N.J.), Texas Co., Standard Oil of California, Gulf, Socony-Vacuum-on charges of conspiring to engage in an international oil-marketing cartel...
...married a beautiful but dumb member of one of Germany's best cartel families-pure bourgeois and pure Prussian. Contact with the average middle-class German mind was such a shock that I was practically forced to make a study of history and of international relations. At that time the average German people suffered from a fanatical inferiority complex owing to the fact that, historically, they came on the scene too late to grab choice colonies...
...reason why nobody has ever broken the cartel is that nobody has been able to compete with the Swiss in price. The cartel puts a tag of $4 on a 17-jewel movement; the U.S. tariff adds another $2.10. To make a 17-jewel movement in the U.S. costs $10.50. Higher duties narrow the price spread for 21-jewel movements. Therefore Bulova, biggest of the importers, has been forced into making only 21-jewel movements in the U.S. Although Bulova is the biggest U.S. manufacturer of jeweled watches, its production, along with the rest of the U.S. industry, has been...
Unceasing Repetition. Arde Bulova has worked out his own method of doing business with the cartel with one hand, and competing with it with the other. In Switzerland, where his company has a plant, he had to join the cartel; in the U.S., he has kept on top in a business noted for freewheeling competition...