Word: consortiums
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...answer was recently suggested by the Protestant biweekly Christianity and Crisis. The magazine withdrew its deposit fund of slightly more than $10,000 from Manhattan's First National City Bank. The gesture of protest was taken because First National City is one of ten U.S. banks in a consortium that provides a $40 million revolving fund to the government of South Africa. In announcing the withdrawal, the editors conceded that it may not be the business of banks "to make foreign policy"; but so great is the evil of apartheid, they added, that some kind of token protest against...
Before he underwent surgery, the President discussed the tax question with newsmen at the L.B.J. Ranch. "We won't fire in the dark or jump in the dark," he said then. The day after his operations, members of Johnson's economic consortium-Treasury's Fowler, Budget's Schultze, Federal Reserve Board Chairman William McChesney Martin and C.E.A. Member Arthur Okun-spent a lunchtime hour at his bedside, and it was clear that nobody had jumped in the interim...
...bargain hunter, sent out feelers but backed away at the hefty asking price. U.S. Shipping Tycoon Daniel K. Ludwig, who recently tried unsuccessfully to merge his tiny Lebanese International Airways with Bedas' bigger line, expressed interest in buying stock control of the whole Intra empire. So did a consortium of European banks...
Conceived in 1952 by Newfoundland Premier Joey Smallwood, the Churchill Falls project is named for the late Sir Winston, who quickly gave it his blessing as a "great imperial concept." Smallwood also sold Britain's N. M. Roth schild & Sons on heading a consortium, British Newfoundland Corp., Ltd., to develop it. For the five-year construction job, Brinco expects to hire 5,000 men, fly in 600 million lbs. of equipment and supplies. For a starter, it has already bridged the river above the falls, and built an access road to a townsite and an airfield 10 miles away...
...Columbia River treaty, Bennett is building three massive storage dams on the Columbia that will hugely increase the hydro power that such U.S. dams as Grand Coulee can generate downstream. Half that extra power will be Bennett's, and he has already sold it to a consortium of U.S. power companies for a sum that more than pays for the dams. When Lyndon Johnson and Lester Pearson put a seal on the deal at a ceremonial inauguration at the Friendship Arch straddling the border 30 miles south of Vancouver, Johnson noted that Bennett's check for the power...