Word: pared
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Dates: during 1970-1979
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...first "vacancy" sign they see, say the executives of Holiday Inns, the nation's most ubiquitous innkeeper. At the first cheap place they can find, contend the officers of Motel 6, a chain whose $6-a-person basic rate has inspired competitors across the nation to pare their prices. "At my place," answers Earl Gagosian, president of a California-based chain of just about the most expensive motels in the country...
...nation's total and 75% of the remaining long-haul sched-u'es. By Penn Central accounting, round-trip income from one New York-St. Louis train, for example, recently averaged $5,295 a day; but wages and other operating costs ran to $10,191. To pare such losses, the Penn Central two months ago petitioned the ICC to end all passenger service west of Buffalo, N.Y., and Harrisburg, Pa. Indignant protests from localities, rail buffs and organized passenger groups are likely to stall the commission's decision...
...third largest retail brokerage house, offers a valuable distribution system-a national network of offices with many customers-for the new securities issues that are a major part of Glore Forgan's business. As a cost-saving measure, Du Pont in the past year has been forced to pare back from Ill. branch offices to 95; it will now absorb 20 Glore Forgan offices. More important, Du Pont will add some $18 million to its $62.5 million capital-an infusion that it sorely needs. Though Du Font's 13-to-l ratio of capital to liabilities is well...
Romney's Slice. During the afternoon of Jan. 10, Burns solicited the help of George Romney, Secretary of Housing and Urban Development. As they talked, Burns urged Romney to help lead a new effort to pare federal spending. The following Monday, Romney met with John Ehrlichman, Nixon's assistant for domestic affairs. Romney laid out a scheme for further across-the-board cuts in the budget, saying that his department would take a reduction as high as 5% if other Cabinet-level agencies did. Knowing that the President had his own misgivings about the budget, Ehrlichman took Romney...