Word: cartelizing
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...cheese on the treadle of a Communist trap. A smelter would give employment to only 100 workers. It would force Bolivia to import large quantities of costly British coke to refine its relatively low-grade (30%) ore. It would put Bolivia in competition with the international tin cartel, thousands of expensive miles from potential markets. Bolivia would have to accept platoons of Soviet "technicians" and go through with the first Russo-Bolivian exchange of diplomats in history...
There were other facts of life, too, Gibson admitted. The cartel paid $9,000 to Hoodlum Frank ("Blinky") Palermo, who is allegedly running Carbo's boxing empire while the boss is in jail. While Gibson doodled, Subcommittee Investigator John Bonomi summed up his testimony: "Almost every leading manager or promoter in the U.S. is either closely associated with or controlled by Frankie Carbo in some degree...
...Justice Department spent seven years re-examining the merits of its case, which even the trustbusters knew was none too strong. Last week two of the defendants, Jersey Standard and Gulf, while not admitting any guilt, signed consent decrees promising not to enter into any cartel deals for the next 25 years. Although the suit continues against Socony Mobil and the other two companies, Socony went along with Jersey Standard's terms for breaking up Standard-Vacuum...
...figungsdrang. The high-riding success of the three Farben heirs is due to a combination of West German economic recovery and a spirit of free enterprise that was lacking in the cartel-minded Farben. While West Germany's other industries had a sales increase of 9.5% last year, the chemical industry's sales rose 14.7%, even though prices were lower than in 1952. To compete, Farben successors have put in new production techniques, developed new products, and effected operating efficiencies that enable them to produce twice as much with 145,000 workers as the parent firm did with...
...cattle ranches), mostly because he is kept too busy trying to live on them all. For sale: Bing's 14-room seashore mansion, built in 1948, overlooking California's Pebble Beach Golf Course. Asking price: $250,000. Since the Crosby clan operates as a sort of junior cartel, the real estate agent on the deal is Mary Rose Pool, Bing's sister...