Word: undercutting
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Millowners claim that such protection is necessary because they are unable to compete with cheap foreign labor, are also being undercut by the U.S. Government, which sells surplus raw cotton to foreign manufacturers at cut-rate prices in order to meet world prices. Domestic producers cannot buy this surplus on world cotton markets, are compelled by law to purchase artificially supported U.S.-grown cotton, which sells for 8? per pound more. This has helped foreign textile products to undersell domestic cloth goods, foreign textile manufacturers to increase textile exports to the U.S. by more than 550% since...
...promptly sold it to a schoolboy for 2 rubles. Encouraged, she turned more and more batter into dough, spawned a swarm of home bakeries among women in the Moscow suburb of Stolbovaya. Was such initiative encouraged? Moskovskaya Pravda urged the bureaucrats of the "Red Front" candy factory to undercut these "unsanitary private confectioners" by mass-producing digestible swans, Teddy bears and roosters...
With one bold thrust, Anderson undercut the tax-cut advocates in both the Administration and Congress: he worked out with Rayburn and Johnson an informal understanding that neither side would push for a tax cut without first discussing it with the other side. That understanding, dubbed the "Treaty of the Rio Grande," effectively fenced off the tax-cut issue from partisan politics. Despite widespread clamor, there was no tax cut. The U.S. soon began to pull out of the recession. Anderson believes this was one of the key economic-policy victories of U.S. history...
...When the Air Force split off from the Army in the defense reorganization of 1947, Symington became the first Air Force Secretary. Like all strong Air Force partisans, he had fought fiercely for a strong unification of the services, which both the Army and Navy believed would undercut their traditional independence. In the battle, he tangled with his old Wall Street friend, Navy Secretary James Forrestal. When Forrestal became the first Defense Secretary and Symington's boss, Symington fought him again to try to get more Air Force funds-fought with a tenacity that Forrestal's friends will...
...mere unimaginative opposition--greater spending no matter what the need. The election results were not a mandate for greater spending, but rather for greater leadership. Since the President appeared to give this, even if initially only in a negative direction, much of the Democratic appeal was undercut...