Word: handicapped
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Dates: during 1970-1979
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Charlie offered his answer in 1971. After Ack Ack finished second in a six-furlong sprint at Santa Anita, he ran longer and stronger with each succeeding race. He won the Santa Anita Derby by 1½ lengths, the Hollywood Express by three, the American Handicap by four. All told, Ack Ack won seven of eight starts and a total of $393,000 in the year. Explaining that "he didn't have anything more to prove," Whittingham and Ack Ack's new owners, Oilman E.E. ("Buddy") Fogelson and his wife, Actress Greer Garson, decided to retire their prize...
...ahead of his rivals but still not a sure thing. Muskie lacks the Kennedy bravura; sometimes criticized for indecisiveness, he has not yet demonstrated that he could galvanize the country. On the other hand, he has an advantage that J.F.K. did not: Roman Catholicism is no longer a serious handicap for a presidential candidate. So far, he has not made the kind of fatal mistake that many have predicted he would commit. Rather than having to justify his past, he is able to concentrate exclusively on the hurdles ahead...
Pratt has been bothered by a bad back recently, but Barnaby predicted that the Crimson letterman would start today. "Lowell has enough experience and skill to overcome a small handicap at nine," he said...
General Electric Chairman Fred Borch, for instance, contends forcefully that the U.S. is under a handicap in competing with nations that subsidize exports as a matter of government policy. He points out that between 1960 and 1970, U.S. domestic prices rose 32% and export prices 23%. In the same period, domestic prices in Japan and Italy soared 78% and 54% respectively, but the increase in export prices was held to only 8% for each country, thanks to government subsidies and other special help. As an example of such aid, Borch points to a Japanese law that allows companies to take...
...free traders ought to recognize that the handicap argument has some validity. It does not justify protectionism, and indeed Borch does not plump for that. But the Administration could well give U.S. exporters more help by stimulating research and development and providing financial aid for companies entering the export field. White House Trade Chief Peter Peterson promises to design a legislative package including just such measures; it certainly deserves sympathetic consideration...