Word: consortium
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Dates: during 1960-1969
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...great civil rights test of power and launched King's galvanic career. Mrs. Rosa Parks's arrest for re fusing to give her seat on a town bus to a white man ended 382 days later with capitulation of the Montgomery bus line to a comprehensive Negro consortium and the U.S. Supreme Court. King, too new to Montgomery to have enemies in the usually fragmented Negro community, became its chief. His march to martyrdom had begun...
Last week the Gas Council, with an obvious advantage in the bargaining, won its point. The council signed its first major sales agreement with a consortium headed by Phillips Petroleum of the U.S. and including Petrofina of Belgium, Italy's state-owned oil company AGIP, and a string of individual British investors. In 1969, the Phillips group will begin pumping natural gas ashore from its field at Hewett Bank, 20 miles off the East Anglican coast, under a 25-year contract that calls for a buildup to 350,000,000 cu. ft. daily by the seventh year...
...idea with him that her own bidding would drive up the price of the diary. She "borrowed" a key in order to rifle the hotel room of the chief U.S. negotiator; in the meantime, she wrote, the Bolivian police visited hers. When it looked as if the U.S. consortium might get the diary, Michéle offered $400,000, though her backer had no intention of paying that much. The Bolivians, she reports, were not fooled but were happy to see the price go up. Or at least they were until possible lawsuits by Che's family drove...
...ahead last week. Meeting in Paris, representatives of Pakistan and the World Bank finally selected the contractor who will build the giant Tarbela Dam on the Indus River in remote West Pakistan. Winner of the job, with a bid of $623 million for the eight-year project, is a consortium of French and Italian companies led by Impregilo of Milan...
Second Lowest. Impregilo and its partners had actually submitted the second lowest bid to build what will eventually be the largest earthen dam in history. Lower by $75 million was another consortium of companies in Germany and Switzerland headed by the German construction company Hochtief. But when the Germans and Swiss reviewed their figures, they asked to be allowed to raise the original bid by $50 million. Pakistani officials demurred. They gave the job instead to Impregilo, which has already gained impressive dam-building experience from projects in the Middle East and Africa...