Word: lossing
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Dates: during 1970-1979
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Though the truckers vowed to starve the country into submission to achieve their demands, they so far have fallen considerably short of that goal. By and large, food has continued to roll across the nation's highways, but there have been widespread losses and threats of shortages. In California, thousands of acres of ripe lettuce and potatoes were plowed under for lack of trucks to ship them east, a loss that is calculated at $15 million to $25 million. In Florida some farmers face ruin unless 2,000 truckers can be found to ship $50 million in produce...
...fund drive benefiting organizations that aid abortions, John Cardinal Cody ordered him to stop preaching in the Chicago archdiocese. One reason: some of the same fund drives also support Catholic charities. Uncowed, Father Fiore asks: "What does it profit an archdiocese if it gains $3.7 million and suffers the loss of its own soul...
Aron does not fret over the specifics of the East-West strategic arms controversy. What he most fears is a loss of nerve among the Western democracies, resulting from a tenacious feeling of inferiority to the Soviet system. Many American analysts would disagree, believing that the U.S. has become complacent because of its sense of military superiority to the U.S.S.R. But Aron maintains that Westerners sometimes feel that the Soviet leaders "possess an infernal machine capable of blowing capitalism sky-high or else some virtually infallible instrument for guiding their strategy." This crisis of confidence has been accelerated in Europe...
...Savings banks," says Saul Klaman, president of the National Association of Mutual Savings Banks, "have the worst of both worlds, high interest costs and disintermediation." Disintermediation is bankers' jargon for loss of deposits to higher yielding investments, such as Treasury bills. For a while, savings officials thought that this had been averted through the introduction in mid-1978 of six-month money-market certificates (M.M.C.s), whose payout is tied to the going Treasury-bill rate, currently 8.87% for six-month bills. But the M.M.C.s did not bring in just new money; they also attracted funds that the thrifts already...
That was bad enough, but conservatives also feared that questions about things like Adam and Eve would lead to loss of faith in biblical accounts of Jesus Christ. One author cites a 1976 survey at the seminary in Louisville in which nearly one-fourth of the students polled thought it was probably or definitely not true that Jesus walked on water or was virgin-born...