Word: defeatists
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Dates: during 1960-1969
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Venezuela's huge, U.S.-owned Creole Petroleum Corp. has developed a skill that few other companies in the world need to worry about. Continuously harassed by Communist sabotage, Creole has become so quick and adept at repairing its dynamited pipelines that the terrorists actually get defeatist about blowing them up. That skill, plus a line of Venezuelan government guardsmen stationed all along the pipelines, has kept Creole-which is 95% controlled by Standard Oil of New Jersey -operating as Venezuela's biggest business. It pumps 40% of the country's oil, provides 25% of the government...
...this defeatist attitude is pretty silly. Sure as his political moves have been, Johnson could still stumble politically. And healthy as the President may seem, there is always that dread possibility of disablement or worse. The Republican nomination is therefore nothing to give away for the mere asking...
...prize up for grabs, the G.O.P. presidential contest should have been a rousing, issue-sharpening affair. Instead, it has turned out to be a thumping bore. Then President Johnson's rising popularity seemed to make the whole show academic. Ironically, Goldwater gained strength from his party's defeatist attitude. Since no Republican had a chance against Johnson anyhow, the argument went, why not let the party's conservative wing have the nomination it has been demanding for so long...
...large not interested in the larger questions of the day in this country." Chatham's President Eddy frets that "youth is beginning to retreat behind excellence" to what he calls "the permanent alibi of scholarship." Critics also sourly complain that today's collegians are "totally defeatist" and "so damn sober." "There's a material sophistication that is not matched by a spiritual one," says one California professor, adding, "They all seem to have read a great deal-hastily...
Some top managers take a defeatist stance. Said John Loudon, chief of the Royal Dutch-Shell Group (TIME cover, May 9, 1960): "In the case of research, we may have already reached a state of diminishing returns for our investment...