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...start new suits. He has already started some. In July he began a new prosecution against Aluminum Co. of America, whose onetime monopoly had been declared ended after one of the most protracted suits on record (TIME, June 12, 1950). The complaint charged that Alcoa's contract to import 600,000 tons of Canadian aluminum from its divorced ex-subsidiary, Aluminium Ltd. of Canada, was an attempt to bring the two together in a new monopoly. When gasoline and fuel oil prices rose two months ago, Barnes sent FBI agents around to check into possible price-fixing. Last week...
...group, it appeared, had used a Düsseldorf import-export firm to organize a neo-Nazi International, with contacts in France, Britain, Spain and Argentina. German firms looking for business in Madrid were told to see Otto Skorzeny, the scar-faced ex-SS officer who recaptured Mussolini in 1943. In Buenos Aires the man to see was Hans Ulrich Rudel, the one-legged Panzer knacker (tankbuster) now attached to Dictator Perón's army-training staff, who last week was given special leave to fly to Germany for a "whirlwind tour of speeches" on behalf...
...Administration's drive for freer trade last week got another small, but helpful, shove forward. The United States Tariff Commission turned down a request by the Watch Attachment Manufacturers Association for higher import duties on foreign-made metal watch bracelets. The association argued that the "escape clause" of the Trade Agreements Extension Act should be invoked because increased imports of cheap foreign bracelets had seriously cut into the sales of U.S. producers. (Foreign bracelets made up 20% of sales last year v. 0.7% in 1947). The commission threw some statistics back at the U.S. bracelet makers. Total sales...
...recommended that the U.S. could do to make it easier for venture capital. But the big job of attracting U.S. capital, OIT implied, is squarely up to the foreign governments themselves. Unless they relax import controls and other obstacles, there is scant hope that they will get much expansion in U.S. investments...
...would fit nicely with his sugar business: he forced a foreign-owned distillery of industrial alcohol, the only one in Egypt, out of business and set up his own. Other postwar Abboud projects: a $7,400,000, 300,000 tons-a-year nitrate fertilizer plant financed by an Export-Import Bank loan, the first in Egypt, and a half interest in the contracting of a $10 million hydroelectric project on the Nile...