Word: consortium
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Dates: during 1970-1979
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...billion contribution to the U.S. balance of payments. Until the mid-70s, U.S. planemakers had about 80% of the commercial market in the non-Communist world. But the technological success of the Anglo-French Concorde convinced Europeans that they could become powers in mass-transport aircraft competition. The Airbus consortium of West Germany, France, Britain, Spain, The Netherlands and Belgium rolled out the economical A300 and smaller, more advanced A310 models, and lately they have captured 40% of the commercial market...
...producers, Suncor and the Syncrude consortium, are turning out a total of some 150,000 bbl. a day from tar sands. A group headed by Shell has won approval for another project that will cost close to $5 billion and help lift output from the sands to an expected 500,000 bbl. daily by 1985. Meanwhile, Exxon's Imperial Oil plans to spend more than $5 billion to produce oil from heavy crude. These projects may be stretched out if some recent finds of conventional petroleum elsewhere prove more financially attractive. Some oilmen believe that two offshore strikes...
...sheer fact of the politics-show biz mingling may be no cause for worry. Still, too intimate a consortium would do the country no good. The electorate should remain a skeptical and demanding constituency, but the ubiquitous looming of star performers does tend to turn it into a distracted audience. The capacity to achieve effects by glitter and glamour is not likely to inspire politics toward greater integrity. Nor are theatrical atmospherics apt to move the public to examine more soberly issues that too few Americans take seriously even...
Under the agreement, Mexican gas will be imported by a consortium of U.S. pipeline companies. Initial imports will represent about 8 per cent of total gas imports...
Since then, rail and bus services and housing programs have been improved. Now it looks as if Soweto may get electricity too. A consortium of South African banks has begun to issue government-guaranteed loans for a $177 million electrification program. If all goes according to plan, some 22,000 residents should get electricity in three months, although it will take four years to bring power to all of the township's 1 million residents...