Word: retorted
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Dates: during 1970-1979
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...savings deposits. Although Citibank holds $2 billion in individual savings, the Nader group noted, only $500 million is invested in residential mortgages. In view of the social blight sweeping most great U.S. cities, especially in slum areas, the investigators' point is not unreasonable. The bank's retort-perhaps inadequate -is that Citibank handles more mortgages than other major New York banks. However, the principle that banks must invest close to home is not one that the highly mobile U.S. has followed in the past...
...Quiet Life. The critics retort that giant companies, which have billion-dollar investments in existing technology, seek not progress but what the late Judge Learned Hand called "the quiet life" of monopolists-an existence undisturbed by the innovations of pushy competitors. Many of the genuinely new products that have appeared since World War II have been the work of small firms. Transistor radios were first sold in large volume by Sony, then a struggling young Japanese company; stainless-steel razor blades were introduced by Wilkinson Sword, a British firm that few Americans had heard of; dry copiers were invented...
...Surgeon General's findings brought a prompt retort from the Tobacco Institute, which declared: "The question of health and smoking is still a question." In turn, the American Cancer Society urged the tobacco industry to use the money saved by the demise of TV cigarette ads to mount a new, massive research program that "might even lead you to a safer cigarette...
...respect for David Reisman not withstanding, I answered in true Harvard fashion that such an effect was not difficult to obtain. Such a retort in a Harvard setting would be considered fair play, a verbal means of keeping one's own balance by staying out of the magnetic attraction of a world-renowned intellectual presence. How many times have Harvard students walked through the streets around Harvard Square without seeing such figures as James Baldwin, J.K. Galbraith, Eric Erikson, Edmund Wilson, James Dickey, Robert P. Warren, Norman Mailer, to name only those whom I have personally seen. These men seem...
There are bound to be problems in recruiting supervisors. As one indignant woman pointed out to Peyret, "Can you imagine a man hugging his children, embracing his wife and then saying to her, 'Darling, I must be off to my bordello'?" Peyret's retort: "I see no incompatibility between such a civil servant's job and his personal life. A doctor sees a lot of naked women but that doesn't mean he rapes any of them." Peyret should know. He has been a country doctor for 20 years...