Word: undercutting
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Dates: during 1970-1979
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...Aramco officers are among the few people who know the real size of Saudi Arabia's production capacity. Last spring Exxon and Socal divulged to the Justice Department, in its ongoing anti-trust investigation of the oil industry, that Aramco had little spare capacity. That statement helped to undercut Saudi influence over cartel price policy. On the eve of the Caracas gathering last week, Saudi officials proclaimed that the country could boost output almost immediately, perhaps to a hefty 11 million bbl. Meanwhile, the Saudi government is punishing Socal and Exxon for their indiscretion; Aramco is under orders...
When Air Florida expanded to New York and Washington, it undercut its bigger competitors by offering one-way fares of just over $50 (since raised to $70). In a kind of backhanded salute to its aggressiveness, Eastern and other carriers struck back with lower fares on instate routes. They forced Air Florida to reduce sharply its Miami-Tampa flights and all but abandon the Miami-Orlando run, but the airline retaliated, charging Eastern with "predatory pricing" before the CAB. Eastern spokesmen denied the Air Florida challenge, saying, "They're a gnat. We didn't even know they were...
...deciding factor in the run-off may turn out to be the death of Voinovich's nine-year-old daughter, who was hit by a van October 8. The tragedy caused the Lieutenant Governor to spend less time campaigning, but he may receive a sympathy vote that will undercut Kucinich's strength as an underdog. It would be a shame to see Kucinich's presidential hopes dashed before he reaches the age of 35, but odds are he'll be back fighting even if he's crushed on Tuesday...
...Afro-American studies department. In the past, President Bok and the Corporation have reluctantly made face-saving gestures, such as providing Nieman Foundation fellowships to the South African jornalists Percy Qoboza and Donald Woods, whenever the embarrassment of their policies have been too great. Now, in another move to undercut the opposition to Harvard's lucrative hare in apartheid, including a financial boycott by many alumni/ae of the College, we are presented with an ambitious plan to educated black South Africans in the very institutions which profit from their oppression...
...from Quincy, Mass., to Haiti by Builder William Duane. Because the Leavitt will eliminate the cost of several transshipments between the Quincy yards and a Boston container ship dock, Duane figures Ackerman will be successful, moving cargo "at half the cost charged by conventional carriers." Ackerman himself figures to undercut fuel-powered vessels...