Word: consortium
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Dates: during 1970-1979
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...startling find would be worth nearly a quarter of a billion dollars. Trouble was, private individuals are not permitted to deal in gold without a license. The gold was buried on a military reservation in New Mexico, and the men (there are a total of 50 in the claim consortium now, says Bailey) did not want to risk going onto Government property to claim the gold without prior agreement that the Government would issue them a license to sell...
Such a tantalus of riches required special handling, and the consortium sought the services of Bailey. Initially skeptical, Bailey requested that he be permitted to visit the site. Although he received tacit permission from the Government, the group refused to allow it, fearing that when they sought to lead him there, they might be arrested. In an effort to solve such problems, Bailey had called John Mitchell in mid-March. Mitchell first referred the matter to then White House Chief of Staff H.R. Haldeman, who was "nonresponsive." Mitchell next suggested that Bailey "try the White House...
...well received by American businessmen, but hints of corporate xenophobia are cropping up. Last week U.S. steelmen, ignoring the enormous presence of American business round the world, began to grumble about the competition that they may face from an $18 million mini steel mill being built for a Japanese consortium in Auburn, N.Y. Yet the surge in direct foreign investment is a golden boon for the U.S. It will help offset the persistent deficit in the nation's balance of payments and provide new technology for the American economy. How do American workers shape up in the eyes...
...report concluded by recommending that the W.E.B. DuBois Institute for Afro-American Research be established as a consortium endeavor with other colleges and universities throughout the nation that are interested seriously in Afro- American Studies...
Only time will tell what the railroads can do to cut through the maze of Government and union rules (for example, laws that prohibit rail crews from working more than twelve hours a day even with overtime) that prevent the most efficient use of cars. A consortium of railroaders, union leaders, elevator operators and farm economists who met at the Grain Movement '73 Conference in Chicago last week placed most of the blame for the jam on the Federal Government for overloading the rails with the Russian grain. They think new laws are needed to modernize and better coordinate...