Word: cuttingly
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Dates: during 1980-1989
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Here are four. They should be enacted as a package. Together they'd raise $40 billion in taxes, cutting the deficit by nearly a third. The lower interest rates that would probably result would cut the deficit still further -- and keep the economy rolling to take some of the sting out of the tax hikes...
...year we'd raise from these four tax hikes would not be so large as to stifle economic growth, but it might encourage the world financial markets to lower our interest rates. Between the added tax revenue and lower interest on the national debt, the deficit would be cut more than a third. More to the point, there would be the reasonable prospect that the national debt would grow only about half as fast as GNP. So, gradually, over the next decade we'd find ourselves on ever firmer ground...
There is a widespread conviction that the regime cannot survive for long -- at best until the rice harvest early next year. The government has virtually no foreign reserves. Exports have almost vanished. Western governments and Japan have cut off all their assistance, which is necessary to supply the military and maintain the decrepit industrial plant, while ethnic insurgents are applying pressure along the borders. "Logically, the government cannot hold on," says a young Burmese intellectual. "Unfortunately, there's not much logic in this government...
...designing house brands, originality is a luxury, not a necessity. Some of Macy's Charter Club has been cut from virtually the same cloth as Ralph Lauren's signature lines. Among Charter Club's recent best sellers: handmade sweaters emblazoned with horses and wine-colored skirts printed with flying birds. While Lauren's hand-knit sweaters can cost $345, a Charter Club counterpart sells for $124. Designers shrug off such imitation as a cost of doing business. Says Louis Dell'Olio, designer for the Anne Klein label: "There isn't a designer on Seventh Avenue whose clothes haven't been...
...travel from Milan to Tokyo looking for ideas and materials. Most retailers opt for manufacturing in Asia ! to take advantage of low wages. The Limited can probably claim the industry's most streamlined distribution network. Within ten weeks, 700,000 garments for a new line can be woven, cut, sewn, flown from Hong Kong and placed on racks in the chain's 751 stores across...