Word: cutthroats
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...riled most tempers in Montreal. There the International Air Transport Association, with representatives of 44 airlines of 24 nations, was soberly discussing fare agreements to prevent cutthroat rate wars on international routes. They had just agreed to consult each other in fixing fares when Pan Am's bombshell exploded, disrupting discussions for a day. The baffled airmen felt that their cozy talk of fare fixing-and most thought Pan Am's new fare far too low-were just words in the teeth of a gale...
Economically, producing sugar is a terrible risk: it requires big capital investment and reaps a microscopic profit margin. This has led to cutthroat competition between the domestic beet bloc and the cane producers in Cuba, Hawaii, Puerto Rico and the Philippines. To protect themselves, the beet men for 25 years operated an intense and effective lobby to get Congress to erect tariff walls and pay subsidies. In 1934 they jammed through a quota system that gave them 25% of the 6,000,000 tons of sugar consumed in the U.S. One of their most cogent arguments for protection: a strong...
Early in March, 1805, General Eaton strode forth to follow the route made famous 138 years later by British Field Marshal Montgomery. His army was a motley crew consisting of Hamet, some 90 of his Arab followers, seven U.S. marines under Lieut. Presley O'Bannon, 40-odd cutthroat Greeks and Italians recruited in Alexandria, an Italian "chief of engineers" (who had been by turns a Capuchin monk, an Indian dervish and a soldier of fortune) and a caravan of 190 camels at $11 a camel...
...itself, Bretton Woods would not restore world commerce to free competition among individual traders. That depended on the nations' attitudes towards such fundamentals as free enterprise and tariff reductions. But the Bretton Woods machinery might remove some of the strongest temptations to nationalized cutthroat competition in foreign trade...
...despite these maneuvers, and more to come, the majors are beginning to wonder. The war, taxes and the Department of Justice may yet combine to bring cutthroat competition back to Hollywood...