Word: cartels
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Dates: during 1950-1959
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...Government also charged that RCA made cartel agreements with such foreign firms as Holland's Philips Lamp Works, West Germany's Telefunken and Great Britain's Electric & Musical Industries Ltd. (all named as coconspirators) not to license for manufacture or export their products into each other's sales territories, thus denied U.S. consumers the opportunity to buy competitive foreign radio apparatus...
...estimated at nearly $100 million; of cancer of the throat; in Mwadui, Tanganyika. Bachelor Williamson began diamond prospecting in South Africa in 1935, five years later struck a pipe eight times larger than South Africa's famed Kimberley Mine. Refusing to sell out to the De Beers cartel, Williamson nevertheless marketed his diamonds (average yearly output: $8,000,000 worth) through the syndicate, gave generously to African charities...
...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...