Word: consortium
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Dates: during 1960-1969
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Last week, in a precedent-setting decision, the U.S. Circuit Court of Appeals for the District of Columbia struck a major blow in behalf of private power companies. The three-judge court upheld a 1964 Federal Power Commission decision licensing Pacific Northwest Power Co., a consortium of four private power firms, to build a $257 million, 670-ft.-high dam and a generating plant at Mountain Sheep, in the middle reaches of the Snake River astride the Oregon-Idaho border. The court unanimously rejected the challenge of the Washington Public Power Supply System, a group of 16 public utilities, which...
Ships & Factories. "We talked and talked for seven weeks, and toward the end our heads were spinning," says one of the German negotiators, "but it was worth it." With the West German government guaranteeing credits of $87.5 million, Demag is now the major partner in a consortium, also involving French and Belgian firms, that is confident it will wrap up a $150 million contract to build a steel-rolling mill for Red China. It will be the biggest deal yet in the rush among America's allies to open up the Chinese market...
...such overtures. Since December the Ad ministration has been conducting a complete reappraisal of its China policy. So far, the inclination has been toward further attempts to relax tensions, possibly even including cancellation of the U.S. embargo on nonstrategic trade with the Chinese. When a high-powered West German consortium recently notified Washington that it had contracted to build (on credit) big, up-to-date steel plants in Szechwan province, the Administration made no attempt to block the project...
This kind of consortium may eventually prove impracticable as a result of opposition from southern universities. But the principle of collective action is a good one, and this summer's program should inspire more ambitious projects in the future...
Joel Fleishman, who leads the Yale program, hopes it may be the first step in a broader program organized by Northern universities to improve Southern Negro colleges. A "consortium" of Northern schools, he has suggested, should work through state universities to provide staff and financial aid to Negro institutions...