Word: cuttings
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...Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker’s raising of interest rates to historically high levels in order to cut inflation in the early 1980s, or Chairman Ben Bernanke ’75’s opening up of lending windows to major investment banks during the financial crisis, despite the deep political unpopularity of such measures. By opening up the Federal Reserve’s operations to naked populist critiques...
...United States Postal Service recently announced its plan to cut Saturday mail delivery in the face of growing deficits and decreasing mail volume. The cuts have widespread public support from 71 percent of Americans, including majorities of both political parties, even though the projected job losses are undesirable for a country just exiting a major recession. Simultaneously, the reiteration of the USPS’s financial woes has prompted some calls for the agency to fully privatize. We support the Saturday service cuts as an unpleasant but necessary money-saving measure; however, we reject any calls for the Postal Service...
However, mail volume is decreasing and will continue to do so for the foreseeable future. Although privatization is not the remedy to this problem, it is appropriate for the USPS to scale back rather than to build up debt with unnecessary services and then to need to make massive cuts in the future. Furthermore, because the job losses due to cutting service on Saturdays will occur primarily through attrition via retirement and early retirement packages, they will not do the economy too great a disservice. Thus, the Postal Service should continue ahead with its well-researched plan to cut costs...
Mayer addressed the complaint that the administration did not solicit student input before deciding to cut hot breakfast by pointing to the compressed decision-making timeframe...
...your own distance, going all five flights if you can hold it for that long, and sprint up the stairs to the restroom, catch your breath during the implied break, and then double your speed on the way back. If you’re working alone, this will also cut down on the chances of losing the laptop you’ve left unguarded...