Word: detriment
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Dates: during 1950-1959
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...been slipping. The watch industry's own trade magazine, Schweizer Uhr, launched an attack in a front-page editorial titled "We Declare War." Said the magazine: The cartels, "euphemistically called associations," are "not keeping pace with economic trends and [are] abusing their strength and power to the detriment of our national economy." Noting that for months it had been receiving complaints from watchmakers about the rigid price fixing, the magazine said: "The cartels' management has won such power and independence that many of the members have lost their influence . . . The trouble with our cartels is that they...
...does not make sense." Fulbright tried to trap Baruch into endorsing the earlier testimony of Harvard Economist John K. Galbraith, who thought he saw some parallels between the current market boom and the period just before the 1929 crash. Baruch smoothly said he knew nothing of Galbraith "to his detriment," then added: "I think economists as a rule-and it is not personal to him-take for granted they know a lot of things, and if they knew so much, they would have all the money and we would have none." When Fulbright began to question Baruch about profits from...
...United States adopted a program of six-month training as an alternative to two years of active service, the shorter service would undoubtedly prove immensely popular, to the possible detriment of the regular army. The problem might be solved, however, by providing that men with only six-months of training would be recalled for emergencies before men who had completed their two-year tour of duty in the regulars. With the aid of pay reforms and new G.I. benefits, the Defense Department could make the regular army as attractive as six-month service. While the Administration recently raised...
...Matusow the liar, Mississippi's Senator James Eastland recently linked the man's weapon and his crime. "His mouth," said the Senator, "has been used against his country." Matusow has quite a mouth, and he was busily using it again last week to his country's detriment and the Communist Party's advantage...
More Cars for Less Wheat. Of late, the terms of trade have changed to Britain's detriment. A bad harvest in Europe sent the demand for foodstuffs soaring; commodity prices rose, and last January Britain found itself paying 149% more a month for its imports of live animals for food, 145% more for animal feed. "In the last three months," said the London Economist, "[the] adverse movement in the terms of trade has cut Britain's annual rate of real income by ?100 million...