Word: ets
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Dates: during 1960-1969
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General Electric has discovered that the cost of price fixing comes a lot higher than it had expected. When G.E. was convicted along with 28 other electrical-equipment makers in the Great Electrical Conspiracy three years ago (TIME, Feb. 17, 1961 et seq.), the company figured that $50 million would be enough to settle the damage suits from overcharged customers. Last week, as Chairman Ralph J. Cordiner, 63, retired to his cattle and citrus ranch in Florida, he gloomily reported that so many of the firm's 500 complaining customers were holding out for more money that the final...
...annals of international finaglers, first place is still held by Swedish Match King Ivar Kreuger, whose machinations in the 1920s caused hundreds of investors to lose a total of $500 million. The Great Salad Oil Scandal recently set off by pudgy Tino DeAngelis (TIME, Nov. 29 et seq.) stands to cost the banks and companies involved upwards of $100 million - putting DeAngelis second only to Kreuger...
...While the used-elephant market has been seriously depressed by automation, a mahout-maintained model with buck et seat, two-tone umbrella and stick shift costs up to $1,500 f.o.b. Bangkok, or about $4,000 delivered at the Bronx Zoo. In Thailand, a U-Ride-It elephant is still a bargain at $2.50 a day (one-tenth as much as a rented truck), and is still hard to beat when it comes to bird watching, spraying treetops or hauling logs. But it is impossible to find pachyderm parking space in Bangkok. Shrugs a taxicab mahout: "Elephant too much fighting...
...kind that so far disturbs the professionals more than the outsiders. The facts were bad enough: a $90 million brokerage house liquidated, companies defrauded and a long string of creditors and victims left to sort out maneuverings that may cost them well over $100 million (TIME, Nov. 29 et seq.). But one question most fascinated the Street: What had happened to millions of pounds of vegetable oil that either never existed or were somehow spirited away from a huge tank farm in New Jersey? All that remains behind are warehouse receipts that have little, if any, value...
...conscientious Frenchman, Resnais seems to suggest) the part he took in the torture and ultimate death of a young Algerian girl named Muriel. The boy's awful recollections are hidden away in recordings and photographs, part of his weird search for a sort of son et lumière catharsis...