Word: undercutting
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Dates: during 1970-1979
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...member why he belongs to his favorite cartel, and he most probably will answer that he would go out of business if competitors could undercut his prices. That has been the standard defense put forth by the International Air Transport Association (IATA), the industry group that sets fares for overseas travel on scheduled flights. Still, it is amazing what a little competition...
...international trade rules and subjects the manufacturer to a penalty tariff. So the Japanese manufacturer quotes the U.S. importer an official price equal to the Japanese price, then makes under-the-table payments -in effect, illegal rebates-that allow the U.S. company to offer the set at prices that undercut U.S.-made TVs by $100 or more. Sometimes the payments are disguised as rebates or "credits" for advertising or shipping...
...eccentric rock critic, serves as a vehicle for easy humor, often at the expense of Stanley, the beleaguered ad manager. Rounding out the staff at each end are Lynn (Jill Eikenberry), the secretary, David (Bruce Kirby), the cub reporter, and Frank (Jon Korkes), the conscientious editor who is undercut repeatedly by his boss. What they all have in common, besides their affiliation with what Max calls the "Monongahela Backwash," is the low-keyed energy with which they are played. Michael, Laura, Harry et al seem like real people, even though they don't always seem like real journalists...
Though Carter appears to be battling for free trade, he is, in reality, fighting a delaying action. The institutions of quotas and market-sharing arrangements undercut the free-trade principle that the U.S., with some lapses, has supported since World War II. But the Europeans, as well as the Japanese, have been chipping away at that principle steadily-for example, by setting up deals that guarantee commodity prices for a number of developing countries. This bodes ill for the so-called Tokyo Round of international trade talks under way in Geneva, originally intended to be another breakthrough, like the Kennedy...
Pity the poor set of "innovative" freshmen whose advantage was undercut by the publication of The Crimson's housing poll. Now instead of an immense private advantage they have only a sight strategic edge and the public recognition of how "talented," "determined," and "ingenious" they are. Never mind that this marvelous talent demonstrated itself through the wonderful practice of defrauding their classmates and misrepresenting themselves in order to obtain personal information that certainly would not have been volunteered to them...