Word: undercutting
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...Kerr, 65, paid off on his promise. No man to tangle with, Kerr buttonholed just enough of his Democratic colleagues, and with a forceful eloquence turned them in his direction. Kerr, co-author of the Kerr-Mills medicare bill, was out-and-out against any other legislation that would undercut his own, and furthermore, was dead set against any new bill that was hinged to social security...
Capitalizing on the self-service trend set by the food supermarkets, they undercut department-store prices by replacing paid saleswomen with pushcarts...
...attachment that will not let him yield. In his morning struggle with the Chronicle, the evening Call-Bulletin (the word News will be dropped from the masthead), oddly enough, may prove a useful pawn. Through advertising tie-ins between his morning and evening papers, Hearst may be able to undercut the Chronicle rates. Furthermore, Bill Hearst is well aware that should he ever abandon San Francisco's evening field, he would leave it wide open for the Chronicle-which could then move in and publish round the clock-or to an outsider like Bill Knowland's Oakland Tribune...
...paper profits that were made on Wall Street until Blue Monday, few in recent years have come from the once prosperous paper industry itself. Cursed by too much plant capacity since the null U.S. paper companies have undercut one another's prices in an effort to keep their big machines rolling full speed. The result: between 1956 (when the nation's paper mills operated at 92% of capacity) and 1961 (when they were down to 85% of capacity), the industry's profits fell from $680 million to $580 million...
Besides wiping out the inflationary habit of thought that had kept the stock market buoyed up, Kennedy's victory over Big Steel profoundly undercut the business community's confidence in the future, provoked widespread fears that the President intended to fasten de facto controls on prices and profits. The intensity of this feeling was reflected this week at the annual meeting of the American Iron and Steel Institute in Manhattan, where Pittsburgh Steel's President Allison R. Maxwell Jr. bitterly accused Kennedy of heading "toward a form of socialism in which the pretense of private property...