Word: expander
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Dates: during 1960-1969
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Enrico Mattei was one of the most powerful men in Italy when he died in a plane crash three months ago. As wheeler-dealer boss of the huge government-owned E.N.I, oil monopoly, he used sharp elbows at home and abroad in the constant effort to expand the power of his $2 billion industrial giant. When the elbows did not work, money did-as indicated by the recent tribulations of some of Italy's most prominent newspapers...
...depletion tax allowance; all the while he remained chairman of the board of Kerr-McGee Oil Industries Inc., and sneered at conflict-of-interest charges. As an Oklahoman, he supported President Truman's ouster of General Douglas MacArthur-mostly because he feared that MacArthur might expand the Korean war to the point that National Guardsmen of Oklahoma's Thunderbird Division might be called into combat. "You say I'm an Oklahoma Senator more than a national Senator?" he often asked. "Yes, that's what I'm here...
...Latin American countries got $328 million, 60% more than in 1961. Mexico received $30.5 million to build federal toll roads and bridges, $130 million for its massive electrification program. Before Argentina's military junta deposed President Arturo Frondizi last March, the bank came through with $95 million to expand electric power in Buenos Aires. Other loans: $50 million to Colombia and $4,000,000 to Panama for electric power, $18.5 million to Uruguay for highway development. From I.D.A.. in addition, came long-term loans of $8,000,000 to El Salvador and $350,000 to Haiti for highway...
...lost $21 million in 1961 and another $14 million in 1962's first nine months. Such financial turbulence made everyone fasten seat belts in KLM's executive suites. One group of entrenched, old-line KLM executives argued that despite the economic headwinds, the line should continue to expand and even resume its service to Indonesia. A more moderate faction, with which Van der Beugel apparently sympathized, favored cutting back. As KLM's situation worsened. Van der Beugel warned the Dutch government, which holds 71% of the line's stock, that KLM must either cut its operations...
...Middle East. Even its exodus from Palestine after the establishment of Israel did not slow CAT down. By insisting on high standards and by patiently training local labor, Bustani proved that Arabs could do as good a construction job as anyone else. During the great postwar rush to expand Mideastern oil output, CAT began taking contracts away from Western companies, eventually became the largest pipeline layer outside...