Word: undercutting
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...business practices but by predatory competition. In a series of complaints filed with the U.S. Government, the industry alleged that the Japanese were using unfair trade practices in their zeal to penetrate the U.S. market. The smoking gun: a memorandum issued by Hitachi executives instructing their salesmen to undercut U.S. firms by 10%, no matter what the cost...
Reagan has insisted that a trade was not involved. "Let me say it was not my intent to do business with [Iran revolutionary leader Ayatollah Ruhollah] Khomeini to trade weapons for hostages, nor to undercut our policy of antiterrorism," the president said in a radio address...
...contra directors, Arturo Cruz and Alfonso Robelo, have threatened to quit the U.S.-sponsored United Nicaraguan Opposition because of their differences with Adolfo Calero, head of the largest and best-armed contra organization, the Nicaraguan Democratic Force. Cruz and Robelo say Calero has ignored them and undercut their attempts to democratize the movement. Cruz recently told TIME that the UNO chiefs were not "spokesmen for the people" but rather a "cluster of bickering leaders." In Costa Rica, Robelo reportedly told U.S. officials that he would resign unless Calero and his cronies were ousted...
Administration spokesmen dispute such charges, claiming that the Reagan Administration has filed more civil rights prosecutions than any predecessor. But that argument was undercut last week by the resignation of Joseph Cooper, one of the highest-ranking blacks in the Administration, as head of the Office of Federal Contract Compliance Programs. "There seems to be a resurgence of racism," said Cooper, "and there are those who feel they can get away with it because of their perception of this Administration. There is no question that there is a perception that the Reagan Administration has not done much for minorities...
Reagan did not discuss possible staff changes when he spoke to businesswomen in the White House. Instead, he said he hoped the furor would not undercut support for the Contra forces fighting the Sandinista government in Nicaragua...