Word: itt
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Over all this lay something more. Two weeks before a North American newspaperman named Jack Anderson had told the world what Allende had been telling Chileans for years. ITT, an American corporation, had attempted to influence the electoral process in Chile through the CIA. Moreover, ITT was involved in efforts to provoke the Chilean military into a coup, and to cut off all international financial aid to Chile. ITT had also funded Allende's major opponent in the press, the newspaper E1 Mercurio, owned and operated by the Edwards family, which was popularly identified as Chile's most capitalistic...
...beginning of the end for Allende's Chile. The congressional electoral victory had set Allende's opponents firmly in motion to destroy him after they realized he would not be voted out of office by the Chilean people. Though no one knew it at the time, the ITT disclosures were not so much cause for future hope as they were indications of future tragedy...
...hundreds of police fought pitched battles with 600 left-wing students in a square in the picturesque Trastevere section, Rome's equivalent of the Left Bank. Outside Milan, arsonists, probably belonging to a leftist group called the Red Brigades, burned down the warehouses of a company associated with ITT, destroying $10 million worth of telephone equipment. Near Naples a mob of unemployed men, along with their families, blocked a main north-south railway line. Fifty people were arrested before the line was reopened. In Venice, trash collectors blockaded the Grand Canal for two hours with scores of garbage scows...
...campaign really diminish inflation? That, of course, depends upon how vigorously it is pursued and how much price fixing the Government can actually uncover. Trustbusting crusades are always vulnerable to political pressures, a point underscored when the Nixon White House prodded the Justice Department to permit ITT to keep Hartford Fire Insurance Co. despite the Administration's initial, loudly voiced opposition to conglomerate mergers. ITT did agree in 1971 to sell off some lesser firms, but it has still not disposed of its 52% interest in Avis, Inc.; last week the Justice Department moved to appoint a trustee...
Flanigan had also played a role in ITT's favorable 1971 antitrust settlement by getting a former White House intern to produce an analysis that supported the corporation's position...