Word: drastically
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Dates: during 1990-1999
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Feeling the crunch of depreciating investments and falling government funding, many schools are resorting to cost-cutting measures that range from minor--delaying maintenance and canceling book purchases--to drastic--eliminating faculty positions and even entire departments...
When the recession arrived, it triggered the kind of layoffs that occur in any slump. But it has also accelerated a wave of firings that can only be attributed to longer-term structural changes, including a drastic shakeout in industries that were overbuilt in the 1970s and '80s. Among the worst hit is retailing, which is undergoing a painful adjustment to the frugal '90s. Just last week Zale, the largest U.S. jewelry-store operator, said it would close 400 of its 2,000 stores and lay off 2,500 workers. "We are looking at the historic restructuring of the American...
...most responsible for fueling the rally was Alan Greenspan. The Federal Reserve chairman engineered a drastic drop in the discount rate, which is what the Fed charges banks for borrowing money, from 7% at the beginning of the year to 3.5% at the end. Besides giving the economy a nudge, the drop in rates triggered a wave of so-called asset shifting. Dismayed by low yields on CDs and Treasury securities, savers bet their money on the stock market. A record $31 billion flowed into stock mutual funds during the first 11 months of the year...
...announcement was a drastic departure from the company's past benevolent assurances of prosperity and well-being. So was the self-effacing and chastened candor. Stempel conceded that this was not the holiday message he had originally intended. But the severe losses in the company's North American automaking operations, estimated at $450 million a month, had prompted a revolt among GM's directors. They rejected Stempel's reorganization plan and humiliatingly ordered up a more drastic revision. The rebuke left Stempel and his senior management staff publicly lurching. The Christmas message was postponed by a week; a preferred-stock...
...Although bringing to book Nexhmije Hoxha, a powerful figure in her own right, was high on the opposition's agenda, the arrest came too late to keep the government together as the Democrats demanded that elections be held as early as next month. Given the social unrest exacerbated by drastic economic reforms, the Democrats are confident that this time they will oust the communists once...