Word: cutback
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Military advocates argue that the Kremlin would interpret any reduction in U.S. nuclear weapons as a sign of weakness. But the U.S. could counter such an impression by using part of the savings from a nuclear cutback to increase the efficiency of its conventional forces. In fact, a sensible adjustment of the U.S. nuclear arsenal might help restore faith abroad in the wisdom of American actions while putting the onus on the Soviets to scale down their own nuclear storehouse...
...grants, plus another $1.5 billion in guaranteed loans, for hospital construction over the next three fiscal years. As with his veto of a $19.7 billion education aid bill earlier this year, one reason was lack of federal funds. What Nixon wanted, but did not get from Congress, was a cutback to only $50 million in direct spending for hospital construction; he did not object to the loan provisions. The House quickly overrode Nixon's veto 279 to 98; the Senate may follow suit this week. It was the first time in ten years that either house of Congress...
...Administration's friends, mollify its critics and buy time for the game plan to work. The President announced that he was sticking to his basic strategy to combat inflation. But he also placed great emphasis on winding down the Viet Nam War. Blaming current unemployment on a recent cutback of more than 700,000 military and civilian defense-related jobs, Nixon said that the nation was undergoing the difficult transition from a wartime to a peacetime economy, and predicted that the economic situation would remain tense until the change was accomplished. He expressed confidence, however, that the U.S. could...
...everyone has felt the economic pinch. The Boeing Co. has laid off 22,000 workers in the Puget Sound area since January, plans to trim its pay roll from a 1968 high of 101,000 to 45.000 by the end of this year. One of those affected by the cutback, Engineer George Wheeler, recently sold his $28,-000 house in Seattle, and plans to move into a $40-a-month apartment in his native state of Wyoming where he hopes to teach. Electronics firms have laid off 5% of their personnel in Massachusetts. William Kukers, 52, lost...
Operators of regular local stations complained that when CATV cables brought extra channels into town, they lost viewers and, consequently, lost profits. The networks in turn argued that any dilution of audience and revenue would necessitate a cutback in news and public-service programming. Hollywood studios, which hold copyrights to most films and programs retransmitted by CATV, felt cheated out of royalties. For their part, moviehouse proprietors claimed that by programming recent pictures, cable firms could put them out of business...