Word: cartelizing
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...like one of the legions of owlish technocrats who took over Latin America in the 1990s. He was hardened as mayor of Medellin, the continent's most violent city. Though his father, a rancher, was a friend of Fabio Ochoa, the late patriarch of the city's notorious drug cartel (the two shared a love of horses), Mayor Uribe was a noted crime buster there. As governor of northern Antioquia and as a Senator, he built a reputation for fiscal skill and honesty--but also for having a prickly authoritarian streak. Human-rights groups are worried that he will...
...enterprising bid to understand what the other side was being taught. There he learned Megawatt Laundering, or how to sell California its own electricity for a higher price by pretending it came from out of state. He also learned the Daisy Chain Swap, or how to form a temporary cartel with other traders to inflate prices. "It's clear these companies were signaling among themselves using a vernacular," he says...
Indeed, if Russia and the former Soviet republics are able to hobble the OPEC cartel and smash Saudi dominance, American interests in the Middle East would be the first to benefit. Not only would the despotic House of Saud likely lose power, the ability of dictators such as Iraqi President Sadam Hussein to produce weapons of mass destruction would be seriously degraded. The Saudi monarchy is already contending with a young and restive populace that sees little opportunity in a sclerotic oil-based economy. Without a steady flow of oil money, the totalitarian governments in the Middle East would...
...just want to be treated like professionals,” Wallenstein says emphatically. So he organized Local 1200. “It’s more of a cartel than a union,” he says. “It’s about having a network and having someone to fall back on.” There are no meetings, no list of demands—just an e-mail list where members can ask to borrow equipment or solicit advice about what tunes would be the best to spin at a certain party. Being organized helps Local...
...cartel also seems to have helped drum up business. “I’ve actually been getting a lot more work, which is great,” Epps says...