Word: paring
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Dates: during 1970-1979
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...Paring the Work Week. Instead, the Japanese are shifting their prodigious energies toward meeting their great needs for schools, hospitals, sewer systems and the like. The government plans to increase its budget next year by an estimated 20%, with most of the extras going for public works. Meanwhile, government economists are in the process of scaling down the growth goal for the gross national product to about 7% annually, from between 10% and 18% in past years. In addition, the Labor Ministry seeks to persuade businessmen to pare the average work week from 46 hours to 40 hours. Slower growth...
Nixon said he intended to retain the Agriculture Department but pare some of its "peripheral" functions so it could "concentrate exclusively" on serving farmers. Actually, his earlier plan to drop the department was going nowhere in Congress, and had become an enticing target for Democrats from agricultural areas. The department has become so unwieldy and inefficient that Nixon's plan to absorb its functions in a broader Cabinet division had administrative merit, but farmers feared, with some reason, that it would further dilute their influence...
...fares, which will be slightly higher in the summer, are to take effect Feb. 1, 1972, when the present IATA agreement expires. As welcome as its prices is Lufthansa's decision to pare the bewildering array of 52 different fares between New York and Frankfurt down to eight...
Perhaps not, but last week the Administration persuaded three other small firms that had posted higher dividends to pare back their next regular payouts. Executives of the firms-Wisconsin's Briggs & Stratton Corp., Illinois' Martin Yale Industries, and Pennsylvania's Selas Corp.-were brought before the COLC at the same time as Wettstein. Paul McCracken, the council's vice chairman, ordered the gathering after the COLC staff saw reports of dividend increases in the press. Arnold Weber, executive director of the council, seated the businessmen around a table at the COLC's Washington headquarters...
...serious discussion of mutual reduction of forces in Europe. Then he hit the point even harder when Canadian Prime Minister Pierre Trudeau went to Moscow last week to sign a pact of mutual cooperation with the Soviets. Both Brezhnev and Kosygin suggested to Trudeau that they wanted to pare their swollen defense budget and put the money into sorely needed housing. Thus they helped kill whatever chance the Mansfield amendment may once have had. It was handily defeated in the Senate, 61 to 36, and compromise amendments were voted down as well.* In the process, however, Nixon used...