Word: cartels
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Dates: during 1960-1969
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...bright, superbly equipped plants. These became the models for modern labs elsewhere and the source of a grand succession of inventions-mediicnes to fight sleeping sickness and tuberculosis -that made Germany the pharmacy of the world. Duisberg was also a prime mover in organizing the I. G. Farben chemical cartel, which played a key role in Hitler...
...week, U.S. steelmakers grumbled bitterly that cut-price European and Japanese competitors are dumping steel on the U.S. market. In a thumb-in-the-eye brawl that is becoming global, the Europeans also accuse the Japanese of dumping steel in the Common Market. The Europeans have quietly made a cartel-like agreement to set prices of exports and carve up world markets-but so have the Japanese. Last week West Germany's Die Welt reported that the Common Marketeers and the Japanese, united at least in anger at U.S. antidumping charges, may yet combine into one great steel cartel...
...Thyssen family assets. For this, the High Authority was rebuked by the harder-headed Common Market parliament, which argued that the Thyssen-Phoenix combine would produce scarcely one-third as much as U.S. Steel Corp. With world competition sharpening and the Common Market steadily building into one big economy, cartel-inclined Europeans are finding increasing support for their ambitions for bigness. Even in France, which helped break up the German cartels, the business paper Les Echos wrote: "For German heavy industry, cartelization and reconcentration are a condition of survival...
...cathedral-like atmosphere of the world's diamond headquarters, where aged Havana leaf burns like incense and merchants converse in hushed tones, a change is slowly taking place. The De Beers diamond cartel, which has its Central Selling Organization in London and its production fields in Africa, has opened a discreet but energetic campaign to promote the glitter of diamonds to new markets. In the U.S., which traditionally buys one-half of the world's gem diamonds, jewelry has lost some of its shine-people who can afford diamonds often prefer other luxuries, such as trips abroad...
...fastest rising businessmen, whose nine companies sold $61 million worth of goods last year, Ichimura believes that "to stand still is to lose ground"-and he has rarely stood still since World War II. Picked as president of Riken Sensitized Paper Co. when the U.S. broke up the Riken cartel after the war, Ichimura made it Japan's biggest photocopying-machine producer. He rapidly moved into manufacturing cameras and watches, set up a lingerie factory, won a Coca-Cola franchise, and last month opened a ten-story ladies' apparel store on Tokyo's Ginza. Ichimura attributes...