Word: drastically
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...they would reduce the Federal Government's role as an aggressive advocate of special protection for minorities and leave it up to blacks to rise or fall on their own. At seminars on "Rethinking the Black Agenda," including one held last week in Washington, speakers have urged such drastic shifts in federal policy as scrapping the minimum wage for teen-agers and cutting back affirmative action in hiring and university admissions...
...Portillo's drastic program is designed to help ease Mexico's severe shortage of U.S. dollars, the main currency of international trade. In recent months, Mexico has not earned enough dollars from its exports to pay for imports and keep up with interest on its foreign debt. That imbalance has helped drive down the value of the peso against the dollar. In the meantime, wealthy Mexicans, fearful that drastic moves like last week's nationalizations might soon take place, have been making the problem worse by sending money to foreign banks...
...many Mexicans, the govern ment's drastic prescriptions seemed near ly as bad as the disease: the imposition of strict currency controls, an effective freeze on most dollar accounts, sharp price hikes and the second peso devalua tion in six months. Most was Silva Herzog's admission that Mexico was unable to meet current payments on its huge $80 billion foreign debt, among the highest in the Third World. The statement raised the specter of a possible default that would have a domino effect on the international banking system. No one was more concerned than U.S. bankers...
Italy thus became the latest country to suffer from the epidemic of budget crises that is sweeping the nations of Western Europe. Last week Belgian Prime Minister Wilfried Martens' center-right coalition introduced an austerity budget containing what he called "drastic" cuts in public services and hikes in value-added taxes. Italy and Belgium are the Continent's biggest spenders: their budget deficits amount to 12.6% and 11.6%, respectively, of their gross national products...
...into effect drastic austerity measures, including import restrictions and foreign exchange controls. Nonetheless, the stores of Asian traders in Nairobi were still full of luxury imports available to the economic elite and the more blatantly corrupt members of Moi's own government. Warns one Nairobi businessman: "Unless the government does something drastic to improve the situation, all hell is going to break loose...