Word: indus
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Dates: during 1970-1979
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Such a shift would end a pattern of vertical integration that has prevailed in petroleum since the heyday of John D. Rockefeller. Harvard Economist Marc J. Roberts argues that the indus try is dominated by vertically integrated firms because the action against Rockefeller's Standard Oil Co. in 1911 did not go far enough. Instead of carving the empire into its functional parts-production, refining and marketing-Roberts says, "the Government split it along geographical lines, thus making every successor company vertically integrated." In fact, five of the charged firms -Exxon, Standard of Indiana, Mobil, Atlantic Richfield and Standard...
More than 300 firms have leaped into production. The most spectacular corporate success in double knits has been eight-year-old Texfi Industries Inc., headquartered in Greensboro, N.C. Texfi President Joseph Hamilton, 51, who left his job at Burlington Indus tries to help found the firm, was quick to see the need for a single producer who could knit, dye and finish the fabric. He borrowed money, issued a public stock offering to get more and went into production. Texfi is now the biggest producer of double knits, with estimated sales this year of $160 million, a 66% increase over...
...revulsion." It is a revulsion against foreign domination, whether cultural, economic or political -and even unsophisticated Arabs recognize that Communism is a foreign import. Arabs still dream of the time, twelve centuries ago, when their forebears dominated a vast sweep of Europe, from the banks of the Indus to the valley of the Loire. They might use Communist help in hopes of restoring that glorious past, but they are not likely to accept Communist suzerainty...
...team of archaeologists has been trying to explore the relationships, especially trade, between the ancient civilization of Mesopotamia 600 miles to the west, and the Indus Valley, 600 miles to the east...