Word: itt
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Dates: during 1970-1979
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...Latins will argue that since about half of Washington's estimated $1.9 billion trade surplus in 1973 came from their countries, the U.S. should import more goods from them. They will also voice some predictable complaints about interference in their countries' internal affairs by U.S. companies. ITT'S well-documented meddling in Chilean politics is a green and painful memory throughout the hemisphere. Even if Kissinger accepted all of the Latin arguments, however, he would still have to persuade a sometimes reluctant Congress to modify trade and tariff pacts...
...buyer for its Levitt home-building business, which the giant conglomerate is under a Justice Department order to sell. Last week a buyer finally surfaced. He was none other than William J. Levitt, the 67-year-old creator of the celebrated Levittown instant suburbs, who sold the business to ITT in 1968. Levitt signed a letter of intent to take the company back and said that he will operate it as a privately owned concern under its original name of Levitt & Sons (ITT had called it ITT Levitt). The deal, if approved by the Justice Department, will make the Company...
There are few blockades for inflation in the U.S. One traditional means of control is antitrust laws to break up concentrated industry and to create price competition. But Nixon's intervention to stop an antitrust action against ITT and the recent Congressional defeat of excess profits taxes upon oil companies leave little doubt that such an attack on monopoly would be impossible, given the present degree of business influence upon the government...
...second Watergate grand jury, sworn in last August to deal with an antitrust action against ITT, illegal cam paign contributions and other misdeeds, is having similar problems. Last week the jury's foreman, Julian G. Murphy, 54, an independent insurance broker, said that he was quitting because his in come had "dropped at least $1,500 a month, and my business was going down the drain...
...Watergate policy. Ziegler is a hardliner, urging the President to keep his cooperation and disclosures to the barest minimum as he deals with his adversaries in the courts and Congress. The release last week of the President's incomplete and undocumented statements on the milk fund and ITT was planned by Ziegler...