Word: farben
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Dates: during 1950-1959
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SLAVE LABOR PAY will finally be handed out by I. G. Farben liquidators, who are breaking up the former German chemical cartel. After long, bitter battle in German courts, liquidators will pay some $7,000,000 to about 4,000 World War II forced laborers, many of whom now live...
...Nassau. For an aggregate of 66 years, its last two Queens have reigned with the placidity of huisvrouwen. The marriage of the present Queen Juliana,who succeeded to the throne at the retirement of her mother Wilhelmina in 1948, to German Prince Bernhard zu Lippe-Biesterfeld (a former I.G. Farben representative) was long acclaimed as one of the happiest in Europe. Sentimental Dutch editors were known to refer to their conjugal life at the royal residence as "the idyl at Soestdijk," and even the fact of still another generation without male heirs failed to blight the general Dutch satisfaction...
Many of the oldtimers, e.g., Krupp and Ernst Leitz (Leica cameras), are also back in business. Some units of the old I.G. Farben chemical combine, broken up after the war, are bigger than ever. And while the old cartels have been officially banned, price-fixing and trade agreements still play an important part in the German economy. A strong movement is afoot to legalize cartels again, despite the opposition of Economics Minister Erhard and the evidence of how free competition rebuilt the country...
Brownell's announcement stirred up echoes of one of World War II's fiercest controversies. Back in 1929, Jersey Standard had paid some $35 million to the I. G. Farben combine for the U.S. rights to its new hydrogenation process of making gasoline from coal. Their deal included the formation of a Joint American Study Commission (Jasco), by which each would share in any future developments. The joint work led to butadiene rubber and later butyl. But when the U.S. had trouble getting a synthetic program going in World War II, Jersey Standard's alleged "Nazi...
...allied decision to turn back Farben's successors to their original owners is a milestone along the road of German recovery. Is it also a detour leading back to the cartel, with all its restrictive agreements? The danger is great; since wartime, Farben companies have shown a marked hankering for reunion. A few years ago, Farben companies in the U.S. zone were split into 42 different units. They have since merged into twelve. Furthermore, no one doubts that the Big Three Farben successors would like nothing better than to rejoin forces, and drag in the others. What may stop...