Word: consortiums
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...such overtures. Since December the Ad ministration has been conducting a complete reappraisal of its China policy. So far, the inclination has been toward further attempts to relax tensions, possibly even including cancellation of the U.S. embargo on nonstrategic trade with the Chinese. When a high-powered West German consortium recently notified Washington that it had contracted to build (on credit) big, up-to-date steel plants in Szechwan province, the Administration made no attempt to block the project...
This program should encourage further joint efforts by northern schools to improve the quality of undergraduate education available to Negroes, and open the doors of graduate schools. Joel Fleishman, the moving force behind this summer's program, has suggested that Ivy League schools form a "consortium" with other universities, and work through established white institutions in the South to extend more staff fund to Negro colleges. He hopes that the energy and innovation may "rub off" or "ricochet" from North to South in a "cooperative educational exchange...
This kind of consortium may eventually prove impracticable as a result of opposition from southern universities. But the principle of collective action is a good one, and this summer's program should inspire more ambitious projects in the future...
Joel Fleishman, who leads the Yale program, hopes it may be the first step in a broader program organized by Northern universities to improve Southern Negro colleges. A "consortium" of Northern schools, he has suggested, should work through state universities to provide staff and financial aid to Negro institutions...
...only provides much of the money that finances these and other U.S. industries, but has spread out to become a diversified department-store of high finance. This week Lehman (pronounced Leeman) will reach across the Atlantic Ocean: as co-managers with London's N.M. Rothschild & Sons of a consortium of 68 international banking concerns, Lehman will put on sale the first $27.5 million of bonds to finance a $138 million, 300-mile transalpine oil pipeline. The issue is expected to become the largest corporate bond offering in European history...