Word: consortium
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Dates: during 1960-1969
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...first Russo-Japanese venture in Siberia is already under way. This summer Communists and capitalists after much dickering over terms signed an agreement under which Japanese banks will grant a $133 million, five-year loan at 5.8% to enable the Russians to develop Siberian timber cutting. In addition, a consortium of 13 Japanese companies, including such big trading firms as Mitsui and Mitsubishi, will be allowed to sell $30 million worth of consumer goods to Russian settlers in Siberia. As repayment of the loan and to cover its interest, the Russians over a five-year period will ship...
...billion cubic meters of natural gas, limitless hydroelectric power, and eminently marketable amounts of pelts from sable, lynx and big Siberian bears. "We have a destiny in Siberia," says Yoshinari Kawai, 82, a canny Japanese bulldozer manufacturer who led the timber negotiations and now heads the Japanese consortium. "Happily, that destiny will be equally profitable to us Japanese and the Russian people...
Sponsored chiefly by the U.S., the four-year-old International Telecommunications Satellite Consortium (Intelsat) has four satellites in the sky, links 62 nations around the globe and is considered a highly successful outpost of free enterprise in space. It is so successful, in fact, that Russia has decided to bid for a piece of the action. It is now planning its own global space-communications network, Intersputnik...
...leadership of the women's field, the Journal (circ. 6,800,000) has been losing believers. Last week, as part of its radical retrenchment policies, the venerable Curtis Publishing Co. sold off the Journal, along with the household-decorating monthly American Home. The buyer: Downe Communications Inc., a consortium of mailorder firms, cosmetic and pet-food companies, and the newspaper supplement Family Weekly. Price: 100,000 shares of Downe stock, worth about $5,400,0000. Downe hopes to boost the Journal's circulation and ad revenue without changing either its staff or, more important, its basic philosophy-"never...
World prices of sisal are expected to continue their decline and possibly level off by 1970 at about $150 a ton. Meanwhile, Tanzania hopes to develop new uses for its threatened crop. To that end, a consortium of Canadian and European banks has invested some $28 million in a mill to turn sisal into paper pulp. In neighboring Kenya, the world's fourth largest sisal producer, experiments aimed at producing fodder and fertilizer from sisal fibers are under way. Other leading sisal producers, including Brazil and Haiti, have agreed to pool their resources to promote their produce against...