Word: cutbacks
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They also hope for a break to develop from the general uneasiness that now characterizes Venezuelan life. Some of the uneasiness stems from last winter's 20% cutback in oil production which threw hundreds out of jobs. Even more has been caused by the junta's failure so far to fulfill its promise to restore constitutional rights and to free political prisoners...
Anaconda, largest of the two U.S. companies that together own 96% of Chile's mines, announced a 30% cutback, laid off 2,615 workers. Higher-cost Chilean-owned mines had already shut down or soon would. That would add several thousand more to the unemployment rolls. Meanwhile, in the U.S., the price drop brought cries from copper-state Congressmen for revival of the prewar tariff on U.S. copper imports. If it were reimposed, Chile would be shut from any big share of the U.S. market...
...attempt to the relieve the present overcrowding, "we are embarking on a policy of definite enrollment cutback," Dean Wild announced...
...Sciences, the total revenue from tuition and fees will be about $3,700,000. Next year, with an estimated enrollment in these schools of 6250, a drop of about $200,000 at present rates would occur; and in 1950-51, when the College is down to 4300, a further cutback would be in prospect. In addition, nationwide inflation and continuing commitments for permanent Faculty salaries and other educational projects have increased the financial pressure...
...utility sedan") were rolled out in an atmosphere of deep gloom. Since early fall K-F had had to cut production from 800 cars a day to a current 675. It was seriously thinking about cutting back still more to 400 cars a day. Henry and Joe blamed the cutback on the Government's Regulation W under which car buyers must pay at least one-third down and the rest in no more than 18 months. In asking that Regulation W be modified, Joe Frazer said: "It is the greatest indignity ever perpetuated on the American people in time...