Word: middlemen
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Dates: during 1980-1989
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According to the indictment, the Congressmen took $50,000 each in return for private immigration bills that would allow the Arabs to stay in the U.S. The FBI said the other three were middlemen who helped set up the deal. More indictments are expected, but convictions of two other Congressmen may be harder to obtain, since the chief informant, Criden, refuses to cooperate any longer unless he is given total immunity...
...gives them some political leverage over their customers. In the early 1970s the seven leading companies controlled some 80% of world oil trade, but they now have their hands on only about 40%. Says one U.S. energy official: "The shared objective of OPEC is clearto eliminate the middlemen...
Arguing that prices could be lowered by eliminating the middlemen's profits, Kennedy jetted off to Algeria, but found no crude for sale. Later he approached Saudi Arabian Oil Minister Sheik Ahmed Zaki Yamani and Venezuelan President Luis Herrera Campins. Finally the Venezuelan oil company Petroven agreed to sell him nearly 1 million bbl. at the world price of $26 million. Chase Manhattan Bank provided the necessary credit line. A Puerto Rican refinery in the middle of bankruptcy proceedings agreed to refine the oil and transport it in return for a share of the refined products. The state...
Rick Kief and AI Montgomery knocked off two more opponents at 142 and 150--Ibs. Both of the middlemen looked strong. Montgomery eked out another close one, 8-6, after battling back from a 6-2 deficit...
...embargo on grain will come to be known as a grievous error in judgment. Grain will find its way to the U.S.S.R. through bogus buyers and sellers and middlemen...