Word: cartels
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Dates: during 1960-1969
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...intimates, Mattei believed that the great foreign oil companies were determined to keep Italy from developing sources of her own so that they could charge higher prices. "The policy I am following," he boasted, "has permitted me not only to free my country from the grip of the cartel, but to benefit from prices lower than those which our neighbors...
...business community. Before World War II, most big European companies were owned and run by clannish, long-established families that kept their business affairs strictly secret, regarded advertising as an unnecessary extravagance and shunned public attention. The goal was high profit on low volume, and membership in a tidy cartel generally eliminated the danger of painful competition over prices and markets. A rigid class system kept workers from rising into executive ranks; the notion of increasing national buying power by raising wages was regarded as radical nonsense...
...insult the politically sensitive producing nations. But the I.T.C. is not a very toothy dragon because the U.S., which accounts for 23% of the world's annual tin consumption of 215,000 tons, refuses to join on the grounds that the I.T.C. smacks too much of an international cartel. Last month Washington rebuffed an I.T.C. attempt to negotiate price controls on sales from the U.S. surplus stockpile. And it took buying by the I.T.C. itself, increasing its reserves by about 600 tons, to stop the price slide at $1.03. The London Economist complained: "The I.T.C. got a better response...
...other European fiber makers increasingly invading the Dutch market, A.K.U. is fighting harder than ever to expand abroad. The company recently set up a new subsidiary to manufacture nylon in Northern Ireland and is eagerly eying the prospects for growth within the Common Market. Long a contented party to cartel arrangements in Europe, A.K.U. insists that some of its traditional market-splitting agreements with other Continental textile manufacturers are still necessary. But with growing competitive confidence, the company shows signs of being ready to kick over at least some of the cartel traces. Recently A.K.U. directors were informed that...
...Andromeda and the machine to start taking over the world. Directed by the machine, Andromeda produces miracles: new wonder enzymes and an anti-missile missile system that confounds the Communists. British politicians begin dreaming of regaining big-power status, and villainous cartoon-capitalists from a giant international cartel get into the act. By now, the irascible Dr. Fleming is screaming that the machine is engaged in the "slow subjugation of the planet." When no one listens, Fleming attacks the machine itself with an ax. And the parthenogenetic blonde dies because she has been taught everything-except how to swim...