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Word: cartelizing (lookup in dictionary) (lookup stats)
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...essence of their report, hardly news to official Washington, is that the 83-year-old ICC does not exactly regulate the 17,000 railway, trucking, shipping and pipeline companies under its jurisdiction. Rather, it operates a cartel on their behalf. According to the report, the commission in effect presides over thousands of local transport monopolies, protecting inefficient carriers from competition at the expense of the public. It permits massive discrimination in rates, a practice that it was expressly set up to forbid. Where railways have no water-borne competition they have charged shippers five times as much, computed...

Author: /time Magazine | Title: Consumerism: Nader's Raiders Strike Again | 3/30/1970 | See Source »

...move overseas has been led by the highly advanced chemical industry, specifically by the three companies into which the victorious Allies shattered the old I. G. Farben cartel. The three are: Hoechst, Farbenfabriken Bayer, and Badische Anilin-& Soda Fabrik. B.A.S.F. recently spent $95 million to buy out Michigan-based Wyandotte Chemicals Corp., the biggest U.S. maker of urethane plastics (1968 sales: $147 million), and it is now putting up $100 million to expand a Wyandotte plant in Louisiana. The firm has also budgeted $200 million to $300 million to build a chemical complex of its own in South Carolina (TIME...

Author: /time Magazine | Title: Investment: The Germans Are Coming | 2/9/1970 | See Source »

...Russia and the United States form an international banking cartel to combat the economic assault of the growing world-wide chain of Mao Tse-Tung Hand Laundries and Signor Ho Pizza restaurants. (The latter is a burgeoning international corporation in which all Latin American and third world nations own one share...

Author: By John G. Short, | Title: The FutureTea Leaves and Taurus | 1/5/1970 | See Source »

...state-run European carriers, which dominate the International Air Transport Association, have traditionally argued for higher fares. The U.S. lines have long pressed for reduced rates, figuring that lower fares would attract more customers and ultimately increase profits. But the U.S. lines are a minority within the IATA cartel. Another complicating factor is that many airlines are going through financial turbulence and will soon be faced with paying for the giant 747 jets. U.S. carriers alone are committed to spend $5 billion for new planes and equipment...

Author: /time Magazine | Title: Airlines: Bargain Season | 11/7/1969 | See Source »

...graciously decadent living. She feeds all the cats in her Paris suburb, writes daily letters to herself, lives in a mansion and worries equally about her 9-ft. feather boa and the loss, many years past, of her only lover. She would seem to be easy prey for a cartel of international shysters (Yul Brynner, Paul Henreid,* Charles Boyer, Donald Pleasence and Oscar Homolka among them) who have discovered oil under the old lady's property. But she will not be moved, and she wins the aid of some colorful companions-a ragpicker (Danny Kaye), a waitress (Nanette Newman...

Author: /time Magazine | Title: New Movies: The Doily and the Dumpling | 10/31/1969 | See Source »

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