Word: cartelism
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...years the wool growers have been sheltered by a cartel-like mechanism that only helped skew the market. The Australian Wool Corporation, a quasi- official body, bought all unsold stocks at a guaranteed price. When natural fibers became the fashion rage of the late 1980s, the AWC lifted the price by 71%, to $3.35 per lb., which encouraged farmers to swell their flocks. So dominant was Australia in the fine-wool market that its minimum price kept the stuff expensive amid overproduction and shrinking demand. One result has been a turn by Japan to improved synthetic fibers, which are smoother...
Christmas seemed to come early in Colombia last week as one of the country's most wanted drug lords turned himself in at a church 14 miles south of Medellin. Fabio ("Fabito") Ochoa Vasquez, 33, was the first chieftain of the so-called Medellin cartel to surrender under the terms of a decree announced by President Cesar Gaviria Trujillo last week. Ochoa is wanted in the U.S. for masterminding the 1986 slaying of federal witness Adler (Barry) Seal in Baton Rouge, La. He is also linked to drug-trafficking activities with former Panamanian leader Manuel Antonio Noriega...
There is some colorful conniving: who'd have guessed that an international cartel fatally poisoned Pope John Paul I? But G3 never persuades one of the urgency of its maxim that "finance is a gun, and politics is knowing when to pull the trigger." With all its boardroom bickering, the plot is a gun that shoots mostly blanks. G3 is too faithful to the deliberate pacing of the first two films: the slow walking into a dark room, the silence surrounding the threats. For two hours the movie labors up the winding path of its story, wheezing like...
...Bennett's view, forming a partnership with Colombia's Cali cartel was a lucrative business opportunity. His main supplier, a drug lord known to him only as "Oscar," was in effect the chairman of the board of a multinational enterprise. Bennett saw himself as chief executive officer of the California subsidiary. He had an associate, Mario Villabona, who had moved from Colombia to California in 1983. Villabona, a protege of Oscar's, amounted to the California president...
While Bennett's flamboyant life-style attracted attention, the police had nothing solid on him. Villabona, however, became a bit too bold. In 1987 he lent a house he owned in Westlake Village to a cartel kingpin. When Drug Enforcement Administration agents raided the house in pursuit of that operator, they found records showing that Villabona and his Danish wife Helle Nielsen had seven bank accounts in Copenhagen. Later, the unsuspecting Villabona twice flew to Denmark, where he made hundreds of telephone calls to conduct his coke business. So, on one occasion, did Bennett...