Word: byproduct
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...Senators particularly took issue with the big investors' practice of buying, selling and voting stock in the names of "nominees." The use of these "street name" partnerships is a matter of convenience, easing the transfer of stock, but a byproduct is that the identity of the actual holder is clouded. Stock controlled by the Bank of New York may be in the name of Lerche & Co.; stock controlled by First National City may be in the name of Dooling & Co. The State Street Bank has 99 such nominees, many with nautical company names: Oar, Jib, Halyard and Bilge...
What did worry Lieberson right at the start was the shortage of vinyl now beginning to hit the industry hard. Vinyl, known in the trade as PVC (polyvinyl chloride), is the chemical byproduct of crude oil from which records are made. As a result of oil shortages, Columbia has been forced to suspend its $1.98 Harmony pop label; it also trimmed its November output by postponing several releases until 1974. In general, the industry will probably have to opt for greater selectivity in its releases-or, as Lieberson puts it, "an end to buckshotting-throwing everything against the wall...
...down Farmer Dick Shuttleworth with the phrase "Rube Goldberg contraption" when writing about his generation of methane gas from his farm's manure? He is providing power for himself, lessening pollution and, I suspect, getting some really decent fertilizer as a byproduct of his operation...
...only reason for racial discrimination is the fact that it is either directly imposed by the government, as under the various segregation statutes that used to exist in the south, or in another way, without discrimination being intended, as the byproduct of the whole mixed-economy welfare state. Virtually the entire mixed economy welfare state has the effect of perpetuating the poverty and inequality of Negroes. It prevents them from utilizing those opportunities that are open to them. For example there are jobs that Negro teenagers could have if they were allowed to take them, if employers were allowed...
...notable byproduct of Japan's swift rise to economic superpower status is a mildly bizarre cult of the price tag. Some of the best customers of art galleries on Madison Avenue and the Faubourg St. Honoré these days are dealers from Tokyo or Osaka, their pockets stuffed with yen, who are willing to pay astronomical sums for French impressionist paintings. Japanese buyers are equally conspicuous at the yearling auctions in Saratoga and Deauville, bidding handsomely for the best thoroughbreds. In fact, the Japanese seem to have supplanted the stereotype Texans as the world's most eager status...