Word: cut
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Dates: during 1980-1989
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...Administration and Congress found some items to cut, though perhaps only expedient ones. Federal spending on nonmilitary research and development, after adjustment for inflation, has declined 25% from 1979 to 1986 while aid to schools has fallen 14%, notes former Commerce Secretary Peter Peterson. Many economists have railed against these cuts because they have borrowed from America's future competitiveness and well-being. Wrote Peterson in an essay in the October Atlantic: "Unfortunately, since the future has no lobby . . . the Administration and Congress have found this the perfect place to demonstrate their budget-cutting zeal publicly even while allowing...
...party vote, Takeshita, the consummate dealmaker, had realized there were no more deals to make. He reluctantly left the final decision to Nakasone, leader of the party. The Prime Minister might well have ignored Takeshita's party clout and chosen his rival, former Foreign Minister Shintaro Abe, a politician cut from the same cloth as Nakasone. Finally, minutes after midnight, the verdict arrived: Takeshita would be the next Prime Minister...
...Beautiful Era," a poignant elegy on past illusions with a mordant conclusion about the future: "For the innocent head there is nothing in store but an ax/ and the evergreen laurel." Last week the eerie prophecy in these lines was fulfilled. Joseph Brodsky, 47, involuntarily cut off from his homeland in 1972, was given the Nobel Prize for Literature...
...year faded, President Hoover promised a tax cut, recommended public works, called a series of conferences with business leaders, and declared that "we have re-established confidence." But in the course of 1930, the Times industrials sank to 199, and the entire economy kept contracting; some 1,000 banks failed, wheat slumped from $1.35 per bu. to 76 cents, and panhandlers proliferated. Hard times were here to stay...
...decisive meeting occurred Tuesday after the market close. James Baker, by then back in his Treasury office after having cut short his trip to Europe, first called in Howard Baker, Greenspan and Sprinkel to coordinate what they would tell the President. Then, joined by Duberstein, they went upstairs in the White House to the brightly colored West Sitting Room, which the Reagans use as a living room. James Baker opened by telling Reagan that the world seemed to be looking for some movement on the President's part, and the quickest way he could display leadership was by reaching...