Word: cartelized
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...they were heads of a multinational firm, the coqueros transformed a once chaotic industry into a vertically integrated consortium. For the transportation of drugs, they used well-established smuggling pipelines; for their distribution, a North American syndicate stretching from Miami to Vancouver. Escobar united the coqueros into a cartel and even organized a fund to serve as a kind of insurance in the event of raids or losses. The drug dons were also shrewd enough to invest their profits in diversified holdings: they now own extensive real estate in Florida, half of the approximately 200 high-rises along Panama City...
Norway, a non-OPEC oil producer, touched off the cartel's current troubles last October by cutting the price of its North Sea crude by $1.50 per bbl., to $28.50. Britain quickly followed Norway, which inspired OPEC member Nigeria to undercut both competitors and sell its oil for $28. OPEC tried to brake the price slide in October by reducing the output quota for its members from 17.5 million bbl. a day to 16 million in hopes that lower supply would mean higher prices. At the time, the group predicted confidently that as soon as oil refiners began building their...
Just everything goes wrong for Farmer Tom Garvey (Mel Gibson) and his ever- sufferin' wife Mae (Sissy Spacek). The local river rises and floods their corn crop; an agricultural cartel tries to buy them out; the mean old banks threaten to foreclose on their land; and Mae gets her arm caught in a corn- picking machine. But Tom will not be swayed: "I ain't leavin'. 'Cept in a box." And so he joins the farm women of Places in the Heart and Country as Hollywood's nominee for the collective American hero...
High on the bankers' 1984 worry list were their loans to Latin American nations, which staggered under a $350 billion debt burden. In June representatives of the debtor countries huddled in Cartagena, Colombia, raising fears that they would form a cartel to bargain collectively for easier terms. Warned Colombian President Belisario Betancur: "We hear the far-off thunder of violent drums. We feel the winds of storms." Despite such rhetoric, most of the debtors chose negotiation over confrontation. Mexico persuaded the banks to stretch out its payments on $48 billion in loans, originally due between now and 1990, over...
...latest OPEC crisis was set off three weeks ago, when Norway discounted its oil price by $1.50 per bbl., to $28.50, because it could not sell all it wanted to at the higher level. Britain quickly followed, and then Nigeria, an OPEC member, broke ranks with the cartel and lowered its price. OPEC members, fearful of a round of reductions, scrambled to halt the slide...