Word: cuttingly
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Dates: during 1980-1989
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...state-of-the-art stuffed-toy manufacture, which really means little more than loading an empty building with sewing machines, Lun Feng's Hong Kong joint-venture partner lent the factory's nominal owner, the town of Kai Kong, more than $1 million. (The national government got its cut by charging a fee for converting the Hong Kong dollars into Chinese currency.) Since then, Lun Feng has been on its own. Much of the fabric used by the factory comes from Taiwan. "No problem," says Lun Feng's operations manager, who happens to belong to the Communist Party. "This...
...husband Bill, it turns out, is a logging-equipment wholesaler. After his son read the book, says Bill, he "came home and labeled me a criminal." One pupil was said to have burst into tears when he saw his father pruning an apple tree, supposing he was trying to cut it down...
...reason for the move: pressure from the Bush Administration's debt- reduction plan. A Sept. 13 agreement to ease Mexico's debt gives banks the choice of lending new money to the country or accepting a 35% cut in the value of their outstanding loans...
...defense, the North Carolina-based pharmaceuticals maker, a subsidiary of Britain's Wellcome P.L.C., cites the high cost of research and development. In an attempt to defuse the cost crisis, the company said last week that it will cut the wholesale price of AZT 20%, to $1.20 a pill. One reason the company is able to do so is that the potential market for the drug has grown substantially in recent weeks with the discovery that AZT can help a far larger group. A Government study released in August concluded that the drug, besides helping people who have AIDS...
While Burroughs Wellcome said it had been planning the cut for some time, the announcement came on the heels of angry protests. Well-organized AIDS activists condemned AZT's high price at stock exchanges in London, New York and San Francisco, chanting such slogans as "Be the first on your block to sell your Burroughs Wellcome stock." Senate staffers in Edward Kennedy's office began researching possible ways to nationalize the drug by invoking a law, dating from World War I, that allows the Government to revoke exclusive patents and licenses in the interest of national security. And the House...