Word: lessers
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...missions and the means to accomplish them. It also enjoyed more public respect and fatter appropriations than in any previous generation. It had defeated Germany and Japan, saved West Berlin, held South Korea, helped contain the Russians at the Iron Curtain, constructed an awesome nuclear arsenal, and performed numerous lesser chores successfully...
...paradox of the atomic age is that the possessor of overwhelming strength is often no stronger for it in dealing with other nations. Russia tolerates abuse from Rumania, Albania and China, and independence on the part of Yugoslavia. The U.S. has learned to live with Castro's Cuba and lesser annoyances in Latin America. While this lesson has been acknowledged for years in the abstract, it has not yet resulted in the development of sufficiently sophisticated policies in which economic, social and political factors are employed with the same skill as military ones...
...taxes on 27½% of their revenue from operating an oil well. As long as a well produces, the depletion write-off continues, even if the original cost of exploration and drilling has been recaptured 19 times over-as typically occurs. Other treasures from the earth and seas rate lesser but equally arbitrary allowances: 23% for uranium, 15% for copper, silver and gold, 10% for coal, 5% for oysters, clams and clay for flower pots. The theory is reasonable: extraction depletes natural resources. But oilmen lately have made enormous discoveries in Alaska and elsewhere; the U.S. has enough proven...
Until now, the courts have interpreted that law to forbid most "horizontal" mergers between competitors and, to a lesser extent, "vertical" mergers with suppliers or customers. But the courts have said little about corporate takeovers of companies in entirely different fields. Mitchell's chief trustbuster, Richard McLaren, plans to invoke the Clayton Antitrust Act's Section Seven, which prohibits corporate acquisitions that substantially lessen competition. He may well cite the anti-competitive potential of reciprocal purchasing arrangements, under which LTV subsidiaries, which use large amounts of steel, might favor J. & L. rather than go to the marketplace...
...demonstration, sometimes in recoil from police clubs, sometimes out of sheer gall, protesters cry out for "revolution" as the only solution to the nation's ills. Those who urge revolution and sanction violence remain a minority, but they are influential beyond their numbers on the campus, to a lesser extent in the ghetto, and in print...