Word: traded
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Dates: during 1960-1969
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...three months, the newspaper had four reporters looking into rumors of shady dealings in the award of a $12 million construction contract for a world trade center at Los Angeles harbor. Yorty called the resulting exposé an attempt to smear him and asked for a grand-jury investigation. The grand jury obliged. Its verdict: a 15-count indictment charging perjury and bribery against four present and former commissioners, all appointed by Yorty...
Cleaning City Hall. The action revolved around the award of the world-trade-center contract without competitive bidding to Real Estate Developer Keith Smith, 41, onetime (1962) Methodist Layman of the Year for Southern California-Arizona, who was charged with five counts of bribery and five of perjury. Smith, a member of the city commission on human relations, is accused of paying off, through complex financial transactions, four harbor commissioners in return for the $12 million contract...
Industrial production has also suffered. Japan, one of China's preferred customers, received 10% to 12% less imports from China in 1967, and several hopeful foreign buyers at the recent Canton trade fair came back emptyhanded. Since many Chinese factories were shut down all during 1967 by the revolution's upheavals and others have unexplainedly closed in recent weeks, the Chinese were simply unable to fill the foreigners' orders...
...President Lines and Pacific Far East Lines, both based in San Francisco, and Seattle's American Mail Lines-would form a combine with an estimated $156 million in annual revenues, $261 million assets and 51 ships (plus eleven more on order) plying mostly the transpacific and Far East trade routes. The new firm, probably to be named American Steamship Lines, would automatically take its place among the world's top steamship companies...
...building, after Manhattan's Empire State Building (102 stories and 1,250 ft.). Last week beneath the street level of Lower Manhattan, workmen were pouring 3-ft.-thick concrete foundations for the future champ, the Port of New York Authority's twin, 110-story World Trade Center towers (1,350 ft. high...