Word: undercutting
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Dates: during 1980-1989
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Muted versions of this idea were born before the Reagan Administration. Kissinger feared that détente, if oversold, might undercut support for defense. He oversold it nonetheless, but the result was more the undercutting of detente itself. Jimmy Carter's National Security Adviser, Zbigniew Brzezinski, noted in his journal in 1978 that he and Secretary of Defense Harold Brown "both worried that SALT will be used to generate such euphoria about American-Soviet relations that it will be difficult to face realistically either the Soviet military or the Soviet regional challenge...
...whose existence as a screening body would be rendered entirely useless by this principle, has sensibly drafted a statement to tonight's Corporation meeting, urging Harvard to consult screening guidelines before buying a stock. We urge the Corporation to pay attention to this commonsense recommendation. Any other course would undercut the whole concept of shareholder responsibility and compromise morality for sophistry...
...staying in line with OPEC prices. Egypt, however, lowered the price of its best crude from $29 to $27.25, and the Soviet Union has been aggressively discounting its oil to raise foreign exchange (see box). At the same time, Britain is under pressure from customers to undercut OPEC by dropping the $30.50 per bbl. price on premium-quality North...
Further, since the June invasion the Israelis have been shipping large amounts of fruits and vegetables across the border in South Lebanon. Because Israeli agriculture is subsidized by the government Israeli merchants can afford to undercut the prices of the local farming population in South Lebanon, seriously tightening their main source of income...
...allies were mum, many experts believed the gulf producers had agreed in Riyadh to cut the official price to $30, too high to compete with Nigerian oil at the new price. But at week's end the British warned that they would make further reductions if OPEC sharply undercut the $30.50 North Sea price...