Word: cutback
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...Palestinians who worked in the gulf have lost their jobs since the crisis began, which means that they can no longer send money to their families in the West Bank and Gaza. To free up funds for the neediest in the occupied % territories, Arafat has ordered a 35% cutback in the P.L.O.'s more than $1 billion operating budget...
...talks have had two main goals: to blunt protectionist pressures and extend GATT's rules to such areas as agriculture, services, investments and intellectual-property rights. Fully half the nations involved would like to see a sharp cutback in the subsidies that rich countries pay their farmers at the expense of their own ability to trade agricultural commodities. Growers in the industrial countries reaped income and price supports to the tune of $250 billion last year. The European Community and the U.S. have been the worst offenders, with farm subsidies totaling $97 billion in the E.C. and $67 billion...
Banking Committee chairman Henry Gonzalez and others have recommended that the FDIC curb its implicit commitment to make every depositor whole. But any such cutback in coverage of all deposits must be done carefully. The dominant fear -- some observers say obsession -- at the FDIC and the Federal Reserve is that large depositors might become so concerned about their money that at the first sign of trouble at an institution they would take it elsewhere, effectively breaking the bank. Analysts like Shaw have proposed that the FDIC restore its "modified payout" system, under which uninsured depositors get a prorated share...
...flurry of budget whacking, the committee canceled future production of the B-2 Stealth bomber (1991 cost cut: $1.9 billion), put both the MX and Midgetman mobile missiles on hold (1991 saving: $2.5 billion) and ordered a cutback of 129,500 service personnel, three times what the Pentagon proposed. The Senate completed floor action on its version of a military-spending bill and agreed on an $18 billion cut, including the Milstar satellite communications system (1991 price tag: $1.6 billion) and the C-17 transport (1991 saving: $1.4 billion) but salvaging a pair of the controversial B-2s. Clearly distressed...
...communism, Kenya has long been a darling of the West, the oft-cited example of an African country that works. But in conforming to the Western powers' model for an ally, President Daniel arap Moi draws the line at multiparty democracy. Not even the implicit threat of a cutback in aid to countries that fail to practice pluralistic politics, delivered by U.S. Ambassador Smith Hempstone earlier this month, has budged him. "Kenya," Moi replied to the envoy's comments, "does not require any guidance from outsiders on how to run its affairs...