Word: lopping
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...disastrous jump in prices, Mitterrand's party in 1983 adopted a more pragmatic, market-oriented program that brought down inflation from a 1981 high of 14% to about 4% last year. Chirac's regime also inherited a much improved energy outlook. The recent decline in world oil prices will lop $9 billion off France's 1986 bill for petroleum imports. These trends, plus Chirac's initiatives, have increased business confidence. In the past twelve months, stocks on the Bourse have enjoyed a spectacular 80% gain...
...line. As he has done ever since he took office in 1981, Reagan will insist that it is possible to slash the deficit, increase defense spending (next year by 3% after inflation), and still not raise taxes. Using rosy economic forecasts to lowball the deficit, the White House would lop off the $40 billion or so mandated by Gramm-Rudman by making brutal cuts in domestic spending. Some federal programs, such as the Small Business Administration and the Job Corps, would be wiped out altogether. Others, like Medicare and federal housing subsidies, would be sharply cut. To raise additional revenue...
...judgement for those enemies of Album Oriented Rock (AOR)' Now, what's going on here' This record represents a doubleback from everything the Heads have been moving towards of late. But that's not necessarily a bad thing Speaking in Tongue's is a pre-emptive strike on the Lop 40 on its own terms- and in the process, it may show up the racial prejudices that define a great majority of American rock listenership Seriously...
First, F.W. Woolworth Co. (projected 1982 sales: $7.3 billion) decided to lop off its unprofitable Woolco discount stores and to pull out of Britain. Next, Woolworth Chairman Edward Gibbons, 63, died suddenly in October. Then Bruce Allbright, 54, whom Gibbons had hired just one year earlier to run Woolco and the U.S. Woolworth stores, returned to Dayton Hudson Corp. Finally, the upheaval at Woolworth reached a climax last week when its highly regarded president, Richard Anderson, 47, also walked out the door. He was immediately replaced by Harold Sells, 54, who had been senior vice president...
Although she discourages comparisons of the basketball and soccer teams. Judge allows, "I guess I prefer soccer because the learn is a lop-level team. It's nice to be playing on a team that's ranked in the top nationally...