Word: middlemen
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...made $40 million as boss of the bus lines and head of Alemán's lucrative Social Security Department, and loosened the grip of Multimillionaire Aaron Saenz on Mexico's sugar industry. Pledged to lower food prices, the President also smashed the monopolistic plays of middlemen in corn, rice and beans by authorizing a government agency to buy and sell such commodities on an emergency basis. With food prices down 10%, Ruiz Cortines proclaimed last week that the first "batjl tie against the hungermongers" had been...
What happens next is standard procedure at all record companies. Advance copies are sent out to as many as 2,000 of the nation's 5,000-odd disk jockeys-the real middlemen of the ballad business. No A & R man can soundly predict how a new disk will take. But company salesmen as a group are good prognosticates, and certain cities, such as Philadelphia and Boston, seem to be particularly seismographic in detecting the rumble of an approaching hit. If the signs are good, the company may press as many as 150,000 copies in the first edition...
...laboratory into jars on the druggists' shelves. Only a generation ago, the drug industry was barely tolerated by "pure" researchers in science and medicine, who were apt to consider it as undesirable an employer as Mephistopheles. Now that attitude has completely changed. For their part, as the essential middlemen of the medical revolution, the drugmakers have accepted the fact that they are in business for other people's health. "Medicine is for the patient," says Merck & Co.'s Chairman George W. Merck. "Medicine is for the people. It is not for the profits...
...discourage planting; it rolled back potato prices (TIME, Jan. 14). To make matters worse, this year's spring crop is late. This week, OPS announced a new move that may well aggravate the shortage, at least temporarily. It found that farmers were bypassing middlemen and selling direct to retailers, thereby taking the entire wholesale mark-up on potatoes of 86? per 100 Ibs. OPS will order farmers to cut this out, take no more than 16? in markups. Thus farmers will be discouraged from selling potatoes on hand or increasing their plantings. OPS, which has already brought 70 black...
...plain that, despite the 2,500,000-ton loss from the short-lived strikes, there is still so much steel that some varieties of it are begging for buyers. And while Washington and the steelmakers battle over a price rise, many steel prices are already being slashed by middlemen...