Word: cutback
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Dates: during 1970-1979
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...industry loose in the marketplace." But then, as he neared the end of his remarks, he gave the party faithful a glimpse of the "new" candidate that his staff aides have been promising. Instead of urging an arms buildup against the Soviets, he called for a mutual cutback on strategic nuclear weapons...
...same time, however, high-level Western diplomats in the Middle East report that Crown Prince Fahd was "deeply dismayed" by the U.S. failure to respond to diplomatic overtures from the P.L.O. These diplomatic sources fear that the Saudis are seriously contemplating a cutback in oil production by 1 million bbl. a day in .early October, from current levels of 9.5 million bbl. a day. If that happens, the dice-rolling on the peace process could become very frantic indeed, and Strauss's optimism could freeze over with the first blasts of winter...
...Governor Hugh Carey and due to go into effect January 1, has forced Educational Testing Services (ETS), the nation's largest testing firm, to devote 50 full-time workers "just trying to cope," Mary Churchill, associate director of information for the firm, says that "coping" will probably mean a cutback in the number of tests given in New York, and an increase in the cost of the tests, perhaps for all test-takers, not just New Yorkers...
...adjustments in life-style and no decline in economic growth, Americans could consume 30% to 40% less energy than they do today. In the book's best passages, Yergin cites illustrations ranging from Dow Chemical's 40% reduction in energy use to Colgate-Palmolive's 18% cutback to show that many companies have continued to expand while saving energy. The examples are impressive. Nonetheless, there is a critical point at which sizable reductions in energy could provoke a tailspin in U.S. industrial expansion...
...Algerian governments argue that the cuts are for purely technical reasons, to prevent the damage to their oilfields that would result if they continued indefinitely pumping out crude at recent rapid rates. Nigeria's claim may be partly justified, but Western oilmen charge that Algeria's alleged cutback is nothing more than a sleight of hand. Algeria is secretly selling the oil for top dollar to spot-market buyers. Reports a high oil company executive: "What appears to be a cutback is really just a diversion to the spot market. This is more than a suspicion...