Word: paree
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...more important to control inflation than to trim taxes. As a result, strong pressure is building in Congress to reduce the cut to $18 billion or $20 billion, and perhaps to delay it by three months as well, making it effective Jan. 1. Those two moves would pare the fiscal 1979 deficit from the $61 billion that Carter has budgeted to less than $50 billion...
...widely varying reasonableness. Some conservatives would shrink foreign aid, welfare, Social Security benefits. Alan Greenspan suggests reducing expenditures for public service employment of the jobless, a most dubious economy. Rudolph Penner, director of tax policy studies of the American Enterprise Institute, a conservative think tank, more sensibly would pare the roughly $68 billion in federal grants-in-aid to state and local governments, many of which are now running budget surpluses...
Sales figures suggest that buyers are becoming more discriminating and value conscious. When General Motors in mid-March ran special sales contests, during which dealers pare prices, sales increased dramatically. While total new-car sales were down for the first six months of the 1978 model-year, sales of compact and subcompact cars increased by 13%. The star performer at General Motors last month was the boxy Chevette; its sales were up 84%, compared with a year ago. At Ford, Mustang sales rose 14%, while the new Fairmont is a stellar seller. Ford's lacocca puts himself...
Restrain Social Security Benefits. They are scheduled to rise fast in the years ahead. By trimming the benefits, the nation can also pare the scheduled increases in Social Security payroll taxes...
...Breastroke--1. Mark Hemmerle, Drexel. 2:08.14; 2. Chuck Hector, Princeton, 2:09.38; 3. Tuomo Kerola, Harvard, 2:09.78; 4. Kent Whitaker, Dartmouth, 2:10.38; 5. Michael Pare, Columbia, 2:10.66; 6. Kelley Hopkins, Colgate...