Word: cuttingly
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Dates: during 1970-1979
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...tree that he had refused to illumine remained dark behind the White House as a reminder of the hostages' plight. And then, in response to Tehran's renewed threats to put the hostages on trial for spying, he threatened economic sanctions and even a naval blockade to cut off the world's commerce with Iran...
...because, of ficials said, it was too costly to run. By installing two new boilers, Broadwater trimmed utility bills 80%, to $200,000 annually. Other changes were more painful. The number of salaried employees was reduced to 16 from 50, and the top six managers took a combined pay cut of $71,000 a year. With union support, Broadwater dropped hourly wages to a flat $5, from as much as $6.50. Paid holidays fell to eight from twelve. Vacations, which had averaged five to six weeks annually, were reduced and dropped altogether for the first year. Also axed: the costly...
That is largely a result of out-of-control government spending, which this year will produce a deficit of $4.3 billion in a budget of under $10 billion. Sadat will not cut defense outlays ($1.4 billion this year) until the last of the Sinai is returned after 1982, so he must trim the huge subsidies ($1.7 billion) used to hold down the cost of food and fuel, a vestige of Nasser-era socialism. Despite big hikes in the cost of imported wheat (Egypt produces less than 30% of its needs), bread has been held to 1?; a loaf, the same...
...erupted that nearly toppled Sadat. But if the President is to get more foreign loans-he has said that Egypt will need $18.5 billion over the next five years-he needs the approval of the International Monetary Fund. The IMF has been pressing Egypt for economic reforms, particularly a cut in the subsidies, and it is sending a team to Cairo this month to see what progress has been made...
...sculptor whenever the mood hits her. Her routine is the stuff of beauty-salon fantasies: "Twice a day I treat my face with Erno Laszlo's special soaps and lotions. Once a month my legs are waxed by Mrs. Rugged at Elizabeth Arden. My hair is cut by Harry at Kenneth's and twice a year Marianne puts a series of blond streaks in it-wrap-ping the silky little clumps in tinfoil and painting them with white paste...