Word: undercutting
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Dates: during 1980-1980
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...best to keep Peres in his place. When the Defense Minister delivered a briefing, for instance, Rabin would show his impatience by swiveling round in his chair. Rabin also named General Ariel Sharon, the hero of the 1973 war, as his special military adviser, a role that clearly undercut that of the Defense Minister...
JEAN-LUC Godard is one the less compromising critics of our age, and his severity can undercut his effectiveness. It certainly limits his popularity. Few of us enjoy being made to feel like a Godard character-no one likes getting run over...
...passengers may still find cut-rate seats next year on the four daily New York-California flights operated by World Airways and Capitol International, two small carriers that currently offer the lowest round-trip fare: $240. But though they may continue to undercut the bigger airlines, their prices will almost certainly go up sharply. World has lost $23 million this year and cannot afford to keep its fares down much longer. Capitol is watching what the other carriers do. For the moment at least, the fare skirmishing that marked the early days of deregulation will likely give way to friendly...
...industry has lost an estimated 145,000 jobs. The Europeans have long had a thinly veiled cartel arrangement that included voluntary quotas on steel production. But when the market went into a free-fall slump early this year, the agreement fell apart, and many companies began scrambling to undercut their competitors. Firms were often selling steel for much less than it cost to produce. Last month the Common Market threatened to impose mandatory production cutbacks in order to stop the steel free...
...affected the economy at all, it would undercut economic growth, which has permitted the promotion of Africans...