Word: pared
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...steel industry considers recession a dirty word, says flatly that it is undergoing a "mild cyclical adjustment" which is now stabilizing. Production may go down some more, but steelmen expect consumption to remain at current levels as businessmen live off inventories. The oil industry is also cutting back to pare its ultralarge, 283 million-bbl. inventory of oil stocks...
...move, said railroaders, is part of a gentlemen's agreement with the Pennsylvania Railroad, which runs 20 Baltimore-New York round trips daily. In return for B. & O.'s stepping off the tracks, the Pennsy will pare down its own passenger service on the Baltimore-Washington and Cleveland-Detroit routes, where it is a major competitor...
...Army will pare off 50,000 men under Wilson's new directive, the Air Force 25,000, the Navy 15,000, and the Marines 10,000, bringing total military manpower down to 2,600,000. The Air Force will come down five wings to 123; the Army will probably drop another division to 15 (but will withdraw troops from no overseas area except Japan); the Navy will mothball 35 operating ships. Further cuts may turn out to be necessary, Wilson hinted, when his successor, Procter & Gamble's President Neil Hosier McElroy, gets to working out the defense budget...
...singly. Then, in the horrified words of a local police officer, who witnessed the scene, they would "hack his knee or his Achilles tendon so that he would drop, then slowly, neatly, talking to him all the while and wishing him a pleasant journey to Hell, proceed to pare his head with a knife until he fell dead...
...more federal services. Last year the executive branch added 30,000 employees-the Post Office took on 12,611 new workers to handle the increasing torrent of mail; the Civil Aeronautics Administration had to cope with the swelling flow of air traffic; the Patent Office hired new employees to pare down the growing backlog of patent applications...