Word: consortium
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Dates: during 1970-1979
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Syrian Forebears. Aramco, a consortium composed of the Saudi Arabians, Exxon, Mobil, Texaco and Standard Oil of California, gives about $200,000 a year to support groups in the Arab lobby. In the past twelve years, Mobil has donated $170,000. Exxon, excluding its gifts for Arab studies at various U.S. schools, contributes about $150,000 a year. Most oil companies are reluctant to discuss such gifts, but despite the oil companies' obvious self-interest, Aramco Senior Vice President Joseph J. Johnston insists that the donations could play a crucial educational role. "It would be useful," he says...
...Northrop paid $705,000 to Iranian Prince Charam Pahlavinia, a member of the imperial family, for services such as helping the company find a good Iranian architect. At the time, Northrop was part of a consortium that received a $200 million contract to build a telecommunications system in Iran. Northrop maintains that the payment was a legitimate business expense...
Belgium had been the holdout in a NATO consortium that also includes Norway, Denmark and The Netherlands. Once the Belgians decided, General Dynamics was assured of sales to the four countries of 348 planes worth $2.1 billion. That will be in addition to the 650 F-16s already ordered by the U.S. Air Force as its new generation of fighters for the 1980s. General Dynamics estimated that the 998-plane sale could create 40,000 jobs in the U.S., plus thousands more in the four NATO countries, which will share in production...
...planning assumption" of "military stalemate and withering away of the war, a process that can last for a decade or more." Smithies called for $500 million a year in American aid to the Saigon government "during the next decade," and $700 million more in financing, preferably from an international consortium of countries, "for the indefinite future." And while noting some of the bad effects of the war on South Vietnam's economy--such as an unfavorable balance of trade, governmental corruption, the destruction of bridges and the defoliation of forests--Smithies also took note of countervailing factors, such...
...Congress, the recipient of the consortium's plans, moves on the proposal, students involved in the Basic Educational Opportunity Grant may gain about $200 over what they had been receiving from the program before...