Word: pareds
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Kaiser's trouble at Córdoba was symptomatic of what makes U.S. investors nervous about Latin America. Country after country is troubled by rampant inflation and other economic ills. But in dustry cannot pare its production or its heavily-featherbedded payrolls because left-leaning unions forbid it, and floundering local governments do not dare object because they need union support to stay in office. The result has been a radical cutback of investment in Latin America at a time when the Kennedy Administration urges an Alliance for Progress in the two continents. Where their net investment averaged...
...many years the United States Post Office has sought to pare away some of its perennial indebtedness by decreasing the flow of love notes, letters to grand-children, inquiries after health and other worthwhile pieces of first-class mail while fostering the insidious growth of gaudy packets addressed to "Occupant Apartment 3A," subscription come-ons to magazines that die even before the enclosed blank can be returned, plastic Christmas cards from liquor stores and similar abominations that have been assigned the hubristic rank of third-class mail...
...shipping men scornfully dubbed Oetker's armada the "baking powder fleet," but through astute management his fleet of 67 tankers and freighters has kept busy without resorting-as some German shipping companies have-to running Soviet-bloc cargoes for Castro. Characteristically, Oetker got into the insurance business to pare his premiums, built his Condor companies into one of Germany's biggest full-line insurance firms...
...cries of "betrayal" from Sydney and Ottawa, Macmillan's men reply that Britain can best lead the Commonwealth from within the Common Market, where she can help to lower tariffs, pare discriminatory internal taxes, and channel Europe's fast-growing investment funds to underdeveloped nations. The only alternative to Britain's membership, as Macmillan, Heath & Co. see it, would be to relinquish all claims to big-power status and resign herself, like 18th century Venice, to continued isolation and impoverishment...
...real, and with sharpening competition to be expected both at home and abroad, few experts foresee any early return of the fat and easy profit margins of the years immediately after World War II. Some economists even see a virtue in the profits squeeze, because it forces businessmen to pare fat and seek new efficiencies. Says President George H. Ellis of Boston's Federal Reserve Bank: "There should be a squeeze. In most competitive economies, there is a profits squeeze. It is a fact of life...