Word: fractionization
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President Clinton may champion welfare reform for the poor, but he plans to cut only a fraction of the far more expensive federal handouts enjoyed by well-off Americans. As Clinton drafts a plan to slice $145 billion from the annual deficit by the end of his term, he is considering -- and mostly rejecting -- suggestions from his economic advisers and independent budget analysts that the U.S. could save more than $60 billion a year by digging deeper into the federal-spending programs and tax breaks that largely benefit the wealthiest 10% of Americans, which means households earning more than...
...better positioned for expansion than their Western competitors. Japanese carmakers are already dueling in Thailand, one of the fastest-growing Asian markets, and are eagerly awaiting a rise in living standards in other countries that should launch a major auto-buying spree. Thailand's market may be only a fraction of the size of the U.S.'s, but it offers a taste of things to come in some Southeast and West Asian countries -- and someday China and India. Yasuhara Kondo's showroom may not enjoy another boom, but Toyota and its large rivals are looking to wider horizons...
...models begin striding out for the show, Karan is in constant motion behind the curtain, tucking, smoothing, adjusting angles by an imperceptible (to anyone but her) fraction of an inch. Nothing escapes her eye. Everything has to be perfect. "Are you accessorized? . . . I told you I need a beret! . . . Lynn, move the belt!" From out on the runway comes the sound of Madonna singing her version of Peggy Lee's Fever as each model passes through Karan's last-minute scrutiny and touch-up. "Little black glasses! Who's next...
...fact, the losses already suffered by Harvard's endowment through gross mismanagement and incompetence are so monumental that they stagger the imagination. Try to imagine what a small fraction of assets so lost could have done for annual University budgets in terms of scholarships, salaries, new professorships, research projects...
...costs. The government maintains royal buildings and grounds, the yacht Britannia with its crew of 256, the train and the various planes and helicopters that the family use. It all adds up to more than $100 million a year. Commentators like to bring up Scandinavian monarchies, which cost a fraction of that, but Britons revel in pageantry, elaborate parades and huge royal weddings -- and no one in the world puts on a better show...