Word: cutbacks
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Dates: during 1960-1969
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...cutback in U.S. bases overseas. An even older Moscow propaganda cliche. The U.S. has shut down missile bases in Italy and Turkey when the arrival of Polaris submarines made the launching sites obsolete; other bases will close only if they become superfluous...
Dinners & Soup. British beefeaters have always been the biggest customers for Argentine canned, chilled and fro zen beef; in 1959 British purchases accounted for two-thirds of Argentina's exports. But since then, overproduction of beef by British farmers has forced a sharp cutback of nearly 20% in British buying. Fortunately for the Argentines, other European customers and newly opened markets behind the Iron Curtain and in Egypt, Israel and Portugal are taking up the slack...
Like most railroaders, Maidman wants to concentrate on freight, but he picked a startling way to get rid of commuters: he offered to buy them out. If they would agree to a cutback in service from three round trips daily to two one-way trips at peak hours, he would put on a comfortable, air-conditioned streamliner. More important, if the 200 commuters agreed unanimously to his scrapping all commuter services, he would pay them $1,000 each. How to identify all those eligible to collect? Says Maidman: "The conductors know all the commuters on the line." At week...
Beyond Manhattan. The losses reached far beyond Manhattan. In Canada newsprint mills figured that a cutback of 214,000 tons of newsprint cost them $28.7 million. The railroads that carry the huge rolls of newsprint south lost $2,400,000. "The strike affected the retailers because they couldn't advertise; it curtailed the wholesalers and worked all the way back to the manufacturers," said Executive Secretary Harry Moser of the Retail Merchants' Association. "It hurt everybody." And there is no way to ease the pain. All of it, said the publishers, is money "that has gone down...
...farmers did a lot of sightseeing, voted numerous resolutions, heard eight speeches plus a recorded message from President Kennedy. What the President stressed was the importance of the May wheat referendum, in which growers will decide whether to accept the Administration program of high price supports and a cutback in production. The outcome may decisively influence the future direction of U.S. agriculture-toward more or less Government involvement...