Word: power
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Dates: during 1960-1969
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...most successful efforts is Los Angeles' Green Power Foundation, largely bankrolled by Negro businessmen. Led by Engineer Norman Hodges, 32, the foundation started by making souvenir baseball bats, called "Watts Wallopers," and has since spread out. It now runs a trucking company, plans to start manufacturing plastics products and printed electronics circuits...
...Hall and Lou Smith, borrowed $1,000 to launch a job-training project. To provide the facilities, they started a service station, a clothing shop, and a firm that sells African-style garments to The May Co. and Bullock's department stores. "We want to create economic black power," says Hall, describing his plans to share profits with his 82 employees. "We want the people of the community to own everything we start...
...depend on the blacks themselves. Negroes, so long denied opportunities, have a strong argument for special help. At some point, other businessmen are bound to complain that such aid gives Negroes an unfair competitive advantage. But for now, black capitalism has proved to be a beneficent form of black power, moving gradually toward the kind of green power that has led every other group upward in American society...
...growth of government power over the private economy is a reality that businessmen have to cope with in many nations. Last week, in different ways, three disparate governments expressed and expanded their influence. Their actions upset some plans and led to new alignments of power...
More than Equal. Montedison was formed in early 1966 by a merger between Montecatini, a chemical-minerals complex, and the Edison Group,* a private power company that wisely had begun branching into chemicals, steel and other goods before Italy nationalized power in 1962. Soon after the merger, I.R.I. and ENI began secretly buying Montedison stock. By last week they had accumulated at least 15% of the stock, making the government the firm's largest single shareholder. The state-run corporations set UD a new shareholders' syndicate, in which ENI-I.R.I. will have an equal voice with...