Word: consortium
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...been expected, Kennedy's timing was obviously triggered by what he called "competition from across the Atlantic." Only the day before, Pan American World Airways' crafty President Juan Trippe, 63, announced that he had ordered six supersonic Concordes from a government-sponsored Anglo-French consortium. The needle-nosed Concordes will fly at Mach 2.2 (or 2.2 times the speed of sound), are expected to enter commercial service in 1968. (Trippe went after the Concorde at the urging of Pan Am's distinguished aviation consultant, Charles A. Lindbergh...
...Result: Rumania insists on the "right of every nation to develop and plan its economy in accordance with its own national interests." When Russia dallied in delivering a steel mill that the Rumanians had ordered (against COMECON plans), the Rumanians huffed off to buy it from an Anglo-French consortium for $39 million. They have also sent a trade mission to the West to drum up more business with the capitalists...
...similar grounds that national prestige is involved. The sums are so big that, in the words of Northrop Corp.'s Chairman Tom Jones, "there has to be a purpose other than free enterprise." Three months ago, Federal Aviation Administrator Najeeb Halaby visited the plants of the Anglo-French consortium-British Aircraft Corp. and Sud-Aviation-and was shocked to see how far along the British and French were in building their needle-nosed Concorde jetliner, which will fly at Mach 2.2 (or 2.2 times the speed of sound). The market for a supersonic transport...
Stretching 485 miles (see map), the $120 million line took two years to lay, consumed 80,000 sections of 34-in. pipe, and was financed by a consortium of 16 firms from six countries-West Germany, France, The Netherlands, Belgium, Great Britain, the U.S. It will take Middle East and Algerian oil from tankers and channel it to twelve departments of eastern France, to the northern half of Switzerland and to a southern portion of Germany that accounts for 40% of all West German oil consumption. By eliminating overland haulage and the 2,000-mi.-plus roundabout ocean voyage...
...sizable numbers of Japanese farmers have been emigrating since 1908, notably to Sao Paulo. The Japanese in Brazil control 67 firms ranging into insurance, banking, cement, glass and machinery. The Japanese-run Ishikawajima shipyard is working on its seventh vessel, and the new Usiminas steel plant, backed by a consortium of 14 Japanese companies, will pour 500,000 tons of pig iron this year. In Peru the Japanese have become leaders in the booming fish-meal industry, are also building a railroad in the backlands. In Honduras, Japan's Oki Electric Co. underbid such Western giants...