Word: cuttingly
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Dates: during 1980-1989
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...Public enemy number one today is the federal deficit," said the two-time presidential contender. "At no point [since the deficit problem began] has our government been willing to face and weigh the tough choices, to act resolutely to cut spending...
...Papazian, director of the Boulder-based Association of Brewers, conjectured that the U.S. might have 150 microbreweries and brew pubs by the end of 1988 and perhaps 500 breweries within the next decade. Papazian notes that the rapid growth poses no threat to the big producers, but rather may cut into the 4.5% market share enjoyed by imports. "Large brewers realize that the microphenomenon is bringing a tremendous vitality to the brewing industry, and if they feel that they need to change their recipes a bit, they will." Some already are doing so. Coors' Winterfest, a heavier holiday beer...
...unsold shares, and could face losses totaling $1.7 billion. Earlier, British, U.S. and Canadian financial institutions had pleaded with British Chancellor of the Exchequer Nigel Lawson to postpone the event. But Lawson chose to forge ahead, adding a concession: for the next month at least, shareholders who want to cut their losses will be able to sell their shares at a deep discount to the Bank of England...
...Federal Reserve by praising its efforts to confine the crisis to Wall Street. Wire Governors and mayors to keep public projects alive so that there will be no abrupt layoffs. Repeat to all visitors that it is the President's policy, in seeking to balance the budget, to cut first into business profits before putting any more burden on wage earners. Call for less expensive Government but without heavy taxes...
When the world needs him most, Reagan seems weirdly lost. Neither Congress nor the 1988 candidates appear ready to take charge. -- Raise taxes? Cut spending? Or what? After years of festering, economic problems are far harder to cure. -- Wildly fluctuating, the market rallies slightly despite a collapse of the dollar. -- Some firms cut back, fearing a recession. See THE CRASH...