Word: blunder
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Dates: during 1950-1959
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...from $2.6 billion to $2.4 billion; the $12.5 million International Children's Fund, eliminated entirely; $26.9 million for the President's Point Four program, cut to $15 million-but later restored by a House vote after Harry Truman warned, "I can conceive of no more tragic blunder than to throw away this opportunity of doing so much to strengthen the cause of freedom at such little cost...
This was the Kremlin's worst blunder in years, and last week Western diplomats were wondering which of their old acquaintances in the Soviet Foreign Ministry had been shot as a result. If any did go to the basement at Lubianka prison, they were unjustly punished. The inscrutable American is a hard man to guess, as Wilhelm and Tojo and Hitler found out. The Kremlin knows a lot about the U.S., but even if it had had a spy in the Cabinet of the Joint Chiefs, it could not have predicted the U.S. reaction. Even American observers were amazed...
...frae many a blunder free...
...same time that the Boston Symphony went off the air the RCA Victor Company, for which the orchestra records, got caught promoting the wrong record speed. This blunder was felt by the Orchestra last year, when it cut almost no records. Until all companies settle down at 33 revolutions per minute, the Orchestra will be making even less records...
Creech Jones's blunder gave U.S. oilmen a momentary sense of triumph-at a time when they needed it badly. Even before the December announcement, British restrictions on dollar oil had cost U.S. companies 8% of their overseas sales. The embargo itself, effective next week, was intended to trim U.S. oil company sales 37%, from 13 million tons a year (97.5 million barrels) to 9,000,000. The Arabian American Oil Co., which had poured $350 million into developing its concession in Saudi Arabia and building its big modern refinery at Ras Tanura (see cut), already had been forced...