Word: benefitted
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Dates: during 1970-1979
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...would mean losing profits that could be made by manufacturing products at more efficient locations. In the intensely competitive worldwide market in which GM operates, such a patently inefficient procedure would probably make it impossible for GM to make any overseas sales at all. As you recognize, moreover, multinationals "benefit the U.S. because much of their profit is returned home in the form of retained earnings." In 1977 GM's total international transactions resulted in a net inflow to this country of $2.4 billion -certainly a positive contribution to the nation's balance of payments...
...country then was on an emotional high, ready for new politics, prepared to change, to dare, to follow where the new President might lead. Carter might have called for sacrifices by special interest groups for the benefit of all. He might have championed the repeal of narrow and highly inflationary laws -legislation that, to cite only two of many examples, mandates that the steepest union wages be paid on Government-aided construction jobs and requires that high-cost U.S. ships carry all cargo moving between domestic ports...
...high enough to cover most production costs is a good one. But many experts believe the Government should drop its set-aside programs and once more urge farmers to produce. The U.S. and the world need all the food that American farmers can grow. Set-asides also tend to benefit big farmers, who can more easily take, say, 10% of their land out of production than small growers...
...food must be refrigerated, preserved and shipped across continental distances, and the varieties suitable to mechanical planting and harvesting often are not as tasty as those cultivated lovingly by hand (some people cannot discover any taste at all in cloned strawberries). But agricultural mass production has a benefit more important to most people: it keeps costs down. High as retail food prices have gone, food accounts for only 23% of all private spending by Americans; only Canadians come very close. By contrast, food consumes 25.8% of all private spending in France, 27% in West Germany, 33.1% in Japan...
...could imagine that two Popes in a row could be installed and Camp David take place without benefit of coverage and comment from the New York Times? Those who have had to get their daily news mostly from TV missed a lot of valuable insights, but were spared much of the repetitious babble and striving for novelty that accompany big events They also missed some zero-sum punditry-someone must win, someone must lose-of the kind that refuses to believe Sadat and Begin could both intelligently weigh their advantages and conclude that agreement was in their mutual interest...