Word: cartelizing
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There have been tension and trouble ever since 1968, when two state-run enterprises, ENl and IRI, bought a major block of stock in Montecatini-Edison. The state companies want Italy's chemical industry welded into a cartel strong enough to thwart foreign competitors. The government's men have proved to be far more dynamic and adept at grabbing power than the representatives of private shareholders. Now the state's executives are likely to move into the vacuum created by Merzagora's departure. In Italy, the government already has monopoly control over electric power, telephones, railroads...
...Thursday, the crisis cartel turned down the commandos' first detailed list of demands, which would have resulted in the trade of some hostages for convicted hijackers held in Europe and left others, including all the Jews and Israelis, to be bartered in a separate deal with Israel. The harrowing existence of hostages in Amman eased somewhat when the warring Jordanians and commandos reached yet another truce...
...LePeters' identity is built on a cultural fault line, the characters around him are bizarre monoliths. His boss, Bruno Glober, spends working hours slathering over skin magazines and evenings spreading around huge sums of cash raked in from an interest in an international slacks cartel. The homicide squad itself includes such legends of cop-hood as Detective Teener, who has been so chipped away by criminals' bullets that his body is composed almost entirely of spare parts, and Detective Medici, the Dean of Child Molestation. Put with all the robust vulgarity and double-entendre that Bruce Friedman obviously...
Shunning the Cartel. Icelandic is faring much better than competitors on the lucrative North Atlantic run. In the first five months of 1970, the little line's passenger volume increased 41%, to a record 71,500 passengers. Its average load factor is an enviable 69%. Last year it earned $1,095,000 on revenues of $23.5 million. The biggest attraction is Icelandic's small fares. A round-trip excursion ticket between New York and Luxembourg costs $259 in the peak season and requires no minimum stay. For turboprops the fare is $239. The cheapest equivalent flight...
...bargains exist because Icelandic refuses to join the International Air Transport Association, the rate-making cartel. As a result, only New York's John F. Kennedy Airport and Luxembourg international officially allow Icelandic to use their facilities for transatlantic jet flights. (The U.S. makes this concession because NATO has American-manned military bases in Iceland; Luxembourg's airline does not belong to I.A.T.A.) Icelandic manages to fly CL-44s out of five other European cities, but does so through a clever device. It charges I.A.T.A. rates on regular flights from, say, London or Oslo to Iceland; then...