Word: consortiums
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...dealing drugs. A kilo (2.2 lbs.) of uncut, nearly pure cocaine fresh from South America sells for about $60,000 wholesale in Los Angeles. An amount as large as De Lorean's alleged shipment would normally be purchased by a well-established drug dealer on behalf of a consortium of investors. From that initial buy, the coke can change hands several times, with the drug "cut" or adulterated each time until it is about 20% pure. On a Los Angeles street corner, a gram of coke sells for about $120. One gram can then be divvied up into about...
...country. "The Americans are our most important partners and allies," he told the press conference, but then quickly added that the transatlantic relationship means "friendship and partnership, not dependency." Kohl gave a critical edge to that remark by referring to the gas pipeline from the Soviet Union that a consortium of Western European nations is financing and building despite the protests of the Reagan Administration. The Chancellor coolly alluded to the fact that the U.S. was still selling grain to the Soviets while leveling sanctions against European firms that were working on the pipeline. Said he: "One should not demand...
...companies involved and shareholders around the country. Though Bendix had assembled a cash hoard of $575 million over the past two years by selling off some of its less profitable businesses, mainly forest products, Chairman William Agee still had to arrange credit lines for another $1 billion from a consortium of banks to make his takeover bid. Cash-poor Martin Marietta was forced to borrow $892.5 million so that it could buy Bendix stock as a defensive measure. At a current borrowing rate of 14% or so, the two companies could have temporarily faced combined monthly interest charges exceeding...
...instance, let's say that scientists have discovered a startling new source of low-calorie roughage. In a report to the Great Neck Ear, Eye and Throat Consortium, Drs. Hugo and Margot Frodo explained "Ground glass provides the gritty texture crucial to a person's roughage intake. Consumed in bulk, we predict that glass will improve regularity without fear of cholesterol accumulation...
...company stopped paying stock dividends. In 1979, it received $764 million in unsecured loans and new capital, mostly from a consortium of 24 banks. The bankers also hand-picked a new chairman: Heinz Durr, then 46, a soft-spoken manager of a family-owned manufacturer of painting equipment. Last year he sold operations worth $177 million and negotiated with banks to write off millions of dollars in loans...