Word: cutback
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...were trying to wring out a wet dishrag. The gesture was an appropriate one: increasingly beleaguered by a devilish array of domestic problems, the Russian President must twist every drop of prestige he can from his foreign triumphs. Yet not even the acclaim of history's most extensive cutback in nuclear missiles could compensate for an economy tailspinning into chaos. According to the latest figures, Russian productivity plummeted 24% in the past year even as prices surged...
...said a loss in sales (down $3.3 million to $56.9 million) and the resulting drop in company profits were the primary causes of the rebate cutback. Funds for the rebate come from pretax profits, which were down more than 80 percent, from $2.6 million...
Throughout his platform for the presidentialrace, Agran emphasizes the urgency to spark arevival of American cities--starting with defensespending cuts. While some candidates have proposedmilitary cutback over the next 15 years, Agranwould like to see the annual budget of $300billion halved to $150 billion within the next 18months...
...released a batch of year-end statistics last week confirming the economy's continuing dismal shape. Retail sales, which account for one-third of all U.S. economic activity, fell 0.4% in December. For all of 1991, they inched up a meager 0.7%, the smallest gain in three decades. The cutback in spending led to plant closures. Industrial output fell 0.2% last month, and shrank by 1.9% in 1991, the first yearly decline since the 1981-82 recession. One piece of good news did emerge. The weak economy managed to contain inflation. Consumer prices rose a modest...
That question is nearly always answered with the same casual assumption: the U.S., of course. Having dumped $4 billion into the country since 1980, the U.S. has become El Salvador's cash cow. A major cutback of funds from Washington was once as unthinkable as a slash in Soviet aid to Cuba; now it may also be just as inevitable. Ambassador William Walker tries to convince Salvadorans that American support for their country is unwavering. Yet he acknowledges, "I don't know any more than they do what's going to happen up on Capitol Hill." Given the economic climate...