Word: undercutting
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Though psychology and economics both make for steady growth in land values over the long run, bubbles of pure speculation always burst sooner or later. Investors are already getting a lesson that land prices can go down as well as up. High construction costs and urban blight have undercut property values in some city areas. The land under the Boston Edison Building was worth about $200 per square foot in the 1920s; today it is less than half that, though property values in other parts of town have risen. A speculative orgy of overbuilding in New York City has driven...
...Popular unrest in the U.S. threatens to undercut support for a powerful chief executive--the primary agent of the growing industrial supergiants in their efforts to circumvent New Deal government regulation...
...Popular unrest in the U.S. threatens to undercut support for a powerful chief executive--the primary agent of the growing industrial super-giants in their efforts to circumvent New Deal government regulation...
Liberal Response: To determine academic programs on the basis of sources of outside funds would undercut the very foundations of academic freedon and the independent university...
Those documents also tended to undercut the emerging White House attempts to portray Ehrlichman and Haldeman as acting on Watergate only in response to the President's concern over security, while lesser aides became over-zealous about political considerations. Pretrial depositions by Ehrlichman and Haldeman in a Democratic civil suit over the Watergate activities were released last week, and in sum they pointed to former Attorney General John Mitchell and Counsel Dean as the high officials most deeply involved...