Word: cartels
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Dates: during 1950-1959
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...Washington this week, just as a grand jury was about to consider the Government's criminal case against five big oil companies* on cartel charges...
...ravenous tin appetite (for food containers, automobile bearings, welding), Simon I. Patiño. a cholo (half-Indian) from Cochabamba, parlayed an abandoned Bolivian tin mine into a fortune estimated at a cool $1 billion. His annual income used to surpass the government's. He formed a world cartel, bought heavily into Malayan tin, and lived abroad like an emperor, marrying his son Antenor to a niece of Spain's Alfonso XIII, his daughters to a French count and a Spanish grandee of such exalted lineage that he was entitled to keep his hat on while chatting with...
This fight in Texas is separating the men from the boys. Governor Shivers, with his million-dollar farms and all, is proving to be just an office boy for the oil cartel and the big rich. The men, like Sam Rayburn and Wright Patman, are standing up for the people...
...concessions, had said a fervent amen. They had warned the U.S. that unless the tariff was removed or sharply cut, Venezuela might drive the U.S. companies out. Ironically, the President found himself agreeing with the same companies his Administration had just indicted (TIME, Sept. 1) as a wicked oil cartel...
Whether or not the oil companies had, as they stoutly denied, overcharged the Government was a matter for the law courts to eventually decide. But the Administration's strange and undignified handling of the whole cartel furor seemed to prove only that the election is getting closer every day. Said Socony-Vacuum's Board Chairman George V. Holton: "Somebody does this sort of thing every four years. We're whipping boys during an election campaign...