Word: cartelizing
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...sons of a German Jewish cigar merchant, Ernest Oppenheimer at his death was undisputed boss of the cartel that controls 95% of the world's diamond production, and he controlled more than 90 other companies worth an estimated $2.5 billion. His empire included coal, uranium, copper and some of the world's largest gold mines. Financially, he was the most powerful man in all Africa...
...held back during the Depression rather than let their value, in price and prestige, depreciate in a cheap market, he outtalked opposition directors, was elected chairman. De Beers became his. He still had to argue, cajole, charm, browbeat rivals, but he survived all challengers. At his direction, the cartel held diamonds off the market to keep prices up; it forced dealers to take lots (up to $50,000) or get none at all. But Oppenheimer successfully fought off a U.S. Government antitrust suit in 1945 on the ground that it was American dealers who "cooperated" with...
Razzia means raid in most European languages, and the picture describes an attempt by the French narcotics squad to break up an international drug cartel. Raw materials: principally opium-smuggled from the Balkans in the wall of the men's room in a day coach. Manufacture: by a derelict chemist in a well-equipped laboratory in the cellar of a shabby frame house in a rundown suburb. Distribution: by courier to retail outlets, by an infinite variety of special arrangements between buyer and seller. Protection: by hired thugs-a small outfit by U.S. standards, but what they lack...
...industrialists asked for subsidies to help them make the transition from the French to the German market. Growled Erhard: "We jumped into the cold water in 1948, and look how we learned to swim. You'll learn even more quickly." He has waged long and bitter war on cartels. Germany is the fatherland of the cartel, and before World War II, an estimated 2,000 cartel agreements were in force in the Reich. Blocked by old-line businessmen in his first attempt to outlaw cartels in 1950, Erhard tried again, finally got a bill drawn up this year...
From all points of the compass and most segments of the political and economic spectrum gathered an international Who's Who of high finance and high office. Through the Fairmont Hotel's marble-pillared lobby trooped old-line cartel capitalists and socialist bureaucrats, Japanese financial shoguns and silk-clad Burmese magnates. From London came financiers whose firms had bankrolled the Industrial Revolution; from Berlin, the brisk businessmen who have built Europe's sturdiest economy from the rubble of war. Fiat's Managing Director Vittorio Valleta flew in from Turin, the A.F.L.-C.I.O.'s George Meany...