Word: lopping
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Rather than take such draconian action, Congress is more likely to search for new sources of revenue. Reagan has proposed to lop $27.5 billion off the 1983 deficit by closing a few business tax loopholes and taking various "management initiatives," but TIME's board considered that estimate fanciful. For example, the President said that $8.4 billion could come from faster leasing of oil drilling rights in U.S. coastal waters. Observed James McKie, an economics professor at the University of Texas: "That projection of revenue from offshore leasing shows an excessive degree of optimism...
After years of heading mainly up and up, the price of oil has lately been heading down and down. Conservation and the weakening world economy have created a continuing supply glut, forcing major oil producers to lop dollars off their prices in order to attract buyers...
McGill College--the tournament's host--has something to learn about hospitality. The McGillians whomped their guests by a lop-sided score of 96-60 on Saturday. Never a serious factor in the game, the Crimson left for halftime trailing 56-24. Freshman Lisa Leithauser pumped in a team-high 12 points for the losers...
...feel that showy expenditures--the new building, costly deans' receptions, and other expansion-related endeavors--do enhance the school's training. But until the K-School's Edifice Complex gives way to a true appreciation of the value of a racially and sexually balanced community, it will offer a lop-sided education--and will churn out leaders sadly unable to advance the cause of affirmative action in a nation that sorely needs...
...number of students and professors (average salary: $23,100) bitterly resented the bundles of money strewn in Fairbanks' path. The school is currently fighting a budget-saving move by the state legislature that would cut back enrollment, slice several millions from the university budget and lop 202 members from the faculty. Even if the plan is modified, Colorado will face some austerity measures-except in the stadium. Said Jeff Morgan, editor of the Colorado Daily, which covers student affairs: "The priorities are way off, but it shows where the interests lie in the state of Colorado...