Word: cutback
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Dates: during 1950-1959
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...gimcrack, now embraces it as a painless way to cut surpluses. And in the 1958 budget he asked for an unprecedented $4.9 billion for agriculture, the largest farm outlay in U.S. history. Benson's vigorous program to sell off surpluses at home and abroad has worked; the surplus cutback augurs well for future farm stability; farm prices are on the upswing...
Economic problems are also catching up with Nasser. Last week the Egyptian regime began rationing kerosene, which millions of its subjects use for heating and cooking. As a result of declining government revenues, Cairo announced a 10% cutback in public spending. Nasser's need for the canal revenues is the best weapon the rest of the world has against his attempts to haggle too long over a Suez political settlement. At week's end, in the usual Egyptian style, the Cairo newspaper Al Ahram announced that Egypt would negotiate with Britain and France only if new governments took...
...most: in coal production, the key to the whole area's economy. A drop in coal output forced Poland to close plants and trim rail schedules, and the Poles have sharply reduced coal exports to satellite neighbors to give priority to their own ailing economy. Because of the cutback in Polish coal, East Germany's vital metalworking industry has been seriously crippled. "The coal problem." said the party organ Neues Dentschland last month, "is a question of our entire people's economy." Industrial production may have to be curtailed in Czechoslovakia, which leans heavily on Polish coal...
...more than 100 miles, to be integrated by the continent-girdling SAGE (SemiAutomatic Ground Environment) early-warning system. But in anticipation of an increase in the firepower of the Army's short-range tactical missiles (taking over part of the tactical air-support job), Wilson called for a cutback in the Air Force goal of 137 wings...
...British Comet jetliners, he created a sensation in Britain by reporting that BOAC had contracted to buy U.S. Douglas DC-7s instead of British aircraft. Early in World War II it was Parrish who learned that a shortage of B-17 bomber spare parts was about to cause a cutback in bomber production: his story jogged the War Production Board into quick action...