Posts Tagged ‘The Trillion Dollar Meltdown’
locus
The locus of innovation in steel-making shifted to Europe and Japan.
lo·cus
n. pl. lo·ci (-sī’, -kē, -kī’)
- A locality; a place.
- A center or focus of great activity or intense concentration: “the cunning exploitation of loci of power; the insulation from normal American society” (Clifton Fadiman).
- Mathematics The set or configuration of all points whose coordinates satisfy a single equation or one or more algebraic conditions.
- The position that a given gene occupies on a chromosome.
defanging
But by defanging competition, Gary’s system of “administered pricing” froze technology.
de·fang
tr.v. de·fanged, de·fang·ing, de·fangs
- To remove the fangs of (a snake, for example).
- To undermine the strength or power of; make ineffectual: an attempt to defang the opposition.