Word: logics
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Dates: during 1970-1979
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...Senate's approval of the Panama Canal neutrality treaty was, in spite of the "reservations," a step in the right direction [March 27]. Arguments both for and against the treaties are sound. However, it merely requires simple logic to ascertain that while ratification of these treaties will not necessarily guarantee perpetual euphoria, failure to do so can only induce grim repercussions. Panama is a time bomb that the Senate must defuse with caution, by approving the resolution of ratification...
Anyone concluding from that logic that the diamond market is a topsy-turvy affair best left to pros would be dead right. An uninitiated individual investor has to buy diamonds at retail, paying huge markups, but he can only sell his stones at wholesale levels. So the price has to rise considerably for the ordinary investor to break even. Meanwhile, he has cash tied up in an asset that pays no dividends or interest...
...Park's logic was sound: "We all know that Sten has a future in baseball, and that future is either in the outfield, first or third. We're set at the corners, so he's playing left now. As for Paul, he played extremely well down South at second. It's definitely a move that strengthened both areas. Mike is a good outfielder and Paul is a real hard worker," he said...
...world market in its present form hypothetically contributes to Third World growth. Instead, he presents a less rosy picture. The built-in gap between the advanced and the less developed economies is so large that free trade between them only generates a still wider gap. The perverted logic of the international economic system dictates that Peruvian anchovies are sold to feed American livestock instead of hungry Peruvians. Multinational corporations, although they provide some benefits to the host nations, drain capital from the economy, skew development plans, and promote undesirable local consumption patterns. And, because of tremendous cultural differences, Third World...
Much more may follow. To gas distributors, the logic of importing LNG seems irrefutable. Natural gas is a clean-burning fuel that is relatively scarce in the U.S.; in many foreign countries it gushes out of oilfields in great volume, but is burned off because there is no local market for it. Granted, it cannot be piped across the oceans, but why not liquefy it to one six-hundredth of its normal volume and haul it to the U.S. aboard ship...