Word: pared
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...April 1969, when the Administration was just setting out to fight inflation, the consumer price index was rising at an alarming rate of 7.2% a year. As a result of purposeful policies of slowdown since then, the nation's factories have been forced to pare production 5½%, and stock and bond markets have shuddered through their worst crisis in three decades. The jobless rate, which was 3.5% then, jumped last week to 5.8% as the November figures were issued?the highest monthly level since 1963. All together, 4,600,000 Americans are out of work, and 21% of the people...
...international style in which he does everything. When friends urge him to slow down, he reminds them of what the late Sir John Barbirolli once said: "When you're young you should have an excess of everything. If you haven't excess, what are you going to pare off as the years...
...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...