Word: pros
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...Pros. The "chosen instrument" minority believes that if U.S. airlines compete against one another in the international air, they will not have the economic strength to fend off the Government-backed air monopolies of Britain, France, Russia and other nations. For if U.S. competitors duplicate facilities and subdivide the available traffic, their profits will be so small that aggressive competition will either 1) drive them out of business or 2) force them back in the slow death of Government subsidies. Their program, instead, would be to organize a Federally-regulated combination (the "instrument"), in which each interested U.S. line could...
...Gibson, the Homestead Grays or Negro baseball in general. Yet colored ball could have been good copy at any time since 1885, when the first professional Negro nine was made up of waiters from Long Island's tony Argyle Hotel. To be acceptable as opponents for local semi-pros, they posed as Cubans, babbled gibberish on the field, called themselves the Cuban Giants...
Today Negro baseball has two major leagues: National and American. Each club plays 50 league games, 100 or more exhibition games with white semi-pros. The Negro teams rent white clubs' ball parks, have a large following of white fans who like their fancy windups, their swift and daring base running, their flashy one-handed catches...
...Collins, who had been hired by Boss Yawkey to oversee his team of expensive prima donnas. Back with the Senators, after one season at Boston, Harris had to cope with aging Owner Clark Griffith, the Old Fox, who expected him still to be the Boy Wonder with Cuban semi-pros and Class-D bushers...
...Pros. The pro-subsidy argument is short & sweet. When there is plenty of money but a scarcity of goods, prices will go through the roof unless controls are applied. The controls must not cut down production or squeeze too many people out of business. But when selling prices are rigid, while costs rise, businessmen are squeezed hard. Then, argue the subsidizers, the only way to prevent price inflation, without interfering with production, is for the Government to pay the difference between cost (plus a reasonable profit) and selling price...