Word: supercartel
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...smooth, sophisticated and low-profile organization, will simply walk away from a monopoly that brings in $9 billion a year. More likely, say several DEA officials, the Rodriguez Orejuelas and other Cali families will mend fences with the surviving members of Escobar's Medellin network, joining together in a supercartel more formidable than anything Colombia has yet seen. "We believe that it's going to be one big happy family down there," says a senior DEA official, "the most powerful criminal organization in the world...
Long before that ultimate day of reckoning comes, however, the oil-burning nations face an immediate threat. The coming winter may be severe, boosting fuel usage and heating bills. And this week the Organization of Petroleum Exporting Countries, the 13-nation supercartel that quintupled world oil prices between October 1973 and September 1975, is expected to push them up another notch, effective Jan. 1. Every percentage point of increase will translate into higher inflation, slower economic growth and fewer jobs around the industrialized world...
| 1 |