Word: cartelizing
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...camaraderie has revolved around copper, featuring quiet exchanges of missions across the Atlantic on the possibilities of cooperating, rather than competing, in the metal. Last week Kaunda himself flew to Santiago. At the end of two days of talks, the presidential pair announced heady plans for a copper cartel designed to control the free world market...
...London rate (currently 53?) will probably not be known until next May, when details of the Frei-Kaunda agreement are to be worked out at another meeting-this one in Zambia. Just to make sure that the policies stick, Peru and the Congo will be invited to join the cartel, and thereby boost its control to 75% of the market...
Crossing the Cartel. Tillinghast learned fast. TWA had only 28 jet planes as against its chief rivals' 124 (Pan American had 46, United 44, American 34). It took Tillinghast ten days to make up his mind to order 26 Boeing 707s for $150 million. With good luck, he was soon able to buy six Convair 880s for immediate delivery when General Dynamics repossessed them from troubled Northeast Airlines. The planes helped TWA catch up in the equipment race. Still, TWA continued to lose money, and for a time Tillinghast seriously talked merger with Pan American. Before the deal jelled...
...flight movies, at a cost of $60,000 per plane just for the apparatus. Though the earphones needed to hear the movie sound track were pretty uncomfortable, and the programming was often dreary, the novelty lured passengers. But it jolted the International Air Transport Association, the fare-fixing cartel dominated by European lines, which couldn't stand the cost of competing. Delicately hinting that TWA would otherwise face harassment from foreign governments, or perhaps even suspension of its landing rights, I.A.T.A. persuaded a reluctant Tillinghast to go along with a $2.50 charge on overseas flights for the earphones (just...
...other hand, there are developments, Scorpion, partly supported by Adams House, broke print for the first time with an interesting issue--all the more so because its editors seem to have solved their problems of selection by including everything they could find. The infrequent throwaway of an undergraduate publishing cartel is reputedly paying for undergraduate fiction--something nobody else can afford to do. And then there's the Island, the first fruit of an extraordinarily literary freshman class...