Word: consortium
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Dates: during 1970-1979
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Following a steady procession of other curious adventurers, Webber launched his first search for the Concepción in January 1977. He was backed by a consortium of bankers and aided by a team of divers, cartographers, numismatists and electronics technicians. His fishing boat was equipped with sophisticated tracking instruments in addition to $15,000 worth of maps made from aerial photographs. This was not, as Webber put it, a Captain Kidd operation. Said he: "It was purely academic, based on research and scientific technology." Webber did have to strike a sort of treasure hunter's bargain, however...
...Tribal Council (the elected representative body of the Tribal Government set up by the Department of the Interior) signed a lease with a consortium of utility companies approving the building of Four Corners Power Plant (the largest power plant in the southwest) and sanctioning the digging of a large strip mine--the largest in the country. The reservation remained quiet, the mine was dug, the plant was built, and the Tribal Council seemed content with the royalty provisions of less than 3% on a ton of coal, and agreed not to tax the utilities for 35 years...
...cadre of 700 students and researchers that Peking intends to send to the U.S. within the next twelve months. At the United Nations, China was allowed technical assistance it had requested, worth $10 million to $15 million, to train Chinese in languages and in agricultural and scientific technology. A consortium of West German companies is negotiating a $14 billion deal with Peking to build in Hopei province what would be the world's largest steelmaking complex. Britain's government agreed to negotiate the possible purchase by Peking of 30 Harrier vertical-takeoff jet bombers at $6.6 million each...
...addition to CFA, groups at MIT, Columbia University and the Goddard Space Flight Center in Maryland comprise the consortium that will direct the mission, which may run as long as three years...
Spokesmen for the contracting consortium said yesterday that construction activities could begin in as little as six weeks...