Word: cut
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Dates: during 1980-1989
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...group's director, Larry Brown, a professor at the Harvard School of Public Health, says that while hunger in the U.S. is nowhere near Third World levels, poor families regularly "miss meals, cut down and go without for a couple of days." The Agriculture Department attacked the report's accuracy, saying that food-stamp spending has risen 12% since...
Prompted in part by the gyrating market and bleak sales prospects, Chrysler and General Motors said they would accelerate their cost-cutting campaigns. Noting that some people may now decide to put off the purchase of a car, Chrysler Chairman Lee Iacocca announced that his company would speed up previously planned efforts to reduce its payroll. Iacocca intends by the end of the year to trim 3,500 white-collar employees from Chrysler's salaried work force of 38,000. In addition, the company will suspend production at an assembly plant in St. Louis for two weeks this month...
...twelve presidential candidates in both parties are going through their auditions, exhibiting themselves in the postures of leadership. But only those who are least likely to be nominated show any willingness to talk realistically about ways to cut the deficit. Says one of those, Democrat Bruce Babbitt: "We've evolved a cycle of dishonesty in our national discourse. Politicians don't tell the necessary but unpleasant truths because they are afraid that the voters will kill the messenger. So people learn not to expect the truth from politicians...
...confirm investors' fears that U.S. economic policy will remain paralyzed by indecision and partisan bickering. That might bring on a still worse crash, a world financial crisis and a shattering global recession. Moreover, there does seem to be a way out. In outline: Start now a program to cut the budget deficit steadily and substantially through a mixture of spending cuts and, yes, tax increases. Cushion the blow to the American economy -- and there will be some blow -- by easing Federal Reserve monetary policy and allowing interest rates to come down. Meanwhile seek the cooperation of foreign nations to ease...
CAPTION: WHERE TO CUT...