Word: recoup
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...made one impolitic mistake. In a burst of bipartisanship, he sanctioned appointment of a Republican attorney general, eventually found himself indicted on graft and corruption charges for passing out illegal contracts and "macing" state employees for political contributions. Cleared after two lengthy trials, Lawrence went home to Pittsburgh to recoup prestige. He engineered the election of two ineffectual Democratic mayors, finally in 1945 decided he could better handle the job himself...
...back at lower rates later on, reversed their course. Instead of being forced to step in with precious dollars to support the pound, the Bank of England, whose reserves were cut by some $500 million in August and September, was able to sell pounds for dollars and recoup some of its losses. Yet no one knew better than Chancellor of the Exchequer Peter Thorneycroft that the fight to maintain Britain's currency will not be won overnight. Said he: "We recognize that this is a long, stiff haul. Our policy is to halt the increase in the supply...
...expansion of French industry. On these "exceptions," such as fuel and key raw materials (wool, cotton and steel products), accounting for about 60% of French imports, the rate would remain 350 to the dollar. The calculated effect: a cut in import spending. Next, to give France a chance to recoup its reserves by selling more in world markets. Gaillard granted a 20% premium to French businesses that direct 50% of their products into foreign markets, thereby permitting them to lower their prices to make them more world competitive...
What sparked it all was a growing oilfield (3,000 bbl. a day from twelve wells) on the 20th Century-Fox movie lot adjoining Beverly Hills. Trying to recoup from TV competition, the moviemen leased to oilmen who got permission to drill in 1953. Fox argued that the 280-acre lot was already zoned for manufacturing, and what was the difference between an oil derrick erected for a movie or one to drill? Furthermore, modern drilling avoids the noise and mess that blighted oil-happy Los Angeles in the '20s and brought a ban on drilling...
...1930s, pull-out sofa beds cut into Murphy's markets. World War II housing regulations hurt them more by classifying the beds as furniture instead of structural built-ins, cutting them out of mortgage packages. Progress and Government rules folded Murphy bed sales. To recoup, Murphy concentrated on selling "efficiency" kitchens for small apartments. Last year his Murphy Door Bed Co. sold only 10,000 letdown beds, making most of its $1,000,000 sales from kitchen units. Last week, as the company planned a comeback in house-trailer Murphy beds, Inventor Murphy died at 81 in Belle Vista...