Word: cutting
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...cut costs by 30%, drivers have to use the same engine for three, rather than two, consecutive events and are limited to eight engines per season. Engine limits reduced from 19,000 r.p.m. to 18,000 r.p.m. In-season testing banned...
...Drivers will still make pit stops to change tires, but mid-race refueling is banned, meaning cars will have to carry 66 gal. (250 L) of fuel, up from 21 gal. (80 L) in the past. Aerodynamic testing cut from eight days to six. A new points system makes a win far more valuable than a safe (but boring) second place...
Even if Dodd had agreed to water down reform enough to cut a deal with Corker, that wouldn't have guaranteed success; it was not clear if any other Republicans would have supported it, if Democrats on his committee would have agreed to pass it, if it could have survived the full Senate, if the Senate would have been able to work out its differences with the House in a conference, if the Senate and House would have been able to pass the resulting conference bill, or if Obama - whose aides have suggested they'd much prefer no bill...
...knew that ostensibly softer-edged Republicans like Senator Charles Grassley had drawn out health care negotiations for months before scuttling the talks with tea-party rhetoric about grannycide. But Dodd is retiring after 36 years in the Senate, and he was eager to cut a deal for the sake of his legacy. He knew he needed GOP votes, and he figured that after a catastrophic meltdown, financial reform would be less polarizing than health care. And Corker did seem to be negotiating in good faith, even if GOP leaders were clearly eager to pull the football away before Charlie Brown...
Last week, the Greek government announced a series of painful austerity measures aimed at tackling a budget crisis so serious, it once seemed like the entire country could go bankrupt. Likening the need to drastically increase tax revenues and cut spending to a "wartime situation," the Socialist Prime Minister, George Papandreou, promised to take whatever steps were necessary to ensure the economic viability of the state. On Thursday, the country got a taste of how painful the process will...