Word: barter
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Dates: during 1950-1959
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...Government is now reviewing the barter system, may curtail or even drop it. While miners would welcome that, they fear an end to stockpiling, which would increase imports and send prices down. Last week, before a meeting of the American Zinc Institute, Assistant Interior Secretary Felix Wormser said frankly that stockpiling, which last year scooped 15% of slab zinc output (an amount almost equaling 1956 imports) off an overloaded market, has met its goals and will end "in a matter of months." The only solution for the miners' troubles, said Robert Hendricks, vice president of the Consolidated Mining & Smelting...
Government coalitions make for "collective irresponsibility." There is always the minister's excuse that the necessity of compromise relieves him from responsibility for his action. The Cabinet has become a second Bourse for horse-trading and political barter, resulting not in effective compromise, but rather in mutual frustration and procrastination on important issues that might rupture the uneasy alliance of groups within the Government...
Most of the argument swirled around the "reserve clause," a device basic to baseball and other big-time professional sports. It gives the owner complete control over the career of an athlete, who is no less an article of barter than a bale of hay. The owners' case for the reserve clause is that it prevents wealthy owners from monopolizing all the best talent and thereby ruining the game as well as the gate. In 1922, and again in 1953, the Supreme Court, to the delight of the owners, ruled that baseball is a sport, not a business...
...spite of vigorous denials, I understand that serious consideration has been given to the idea that the United States might barter the withdrawal of American troops from Germany against a Russian withdrawal from the satellite countries. Both the Western and Russian policies of the last few years have run their course. Both sides, it is felt here, are groping for new approaches...
...wait for hours in long queues to buy cheap but scarce government-subsidized commodities that they resell at high prices, turning a profit greater than an average day's wage of a worker. Perhaps half of the relief food given Bolivia by the U.S. fetches up as barter for hard currencies in neighboring countries...