Word: paring
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Dates: during 2000-2009
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...billion slim ones. "Everyone is catering to the top of the pyramid," says the 68-year-old at his office in Bombay House, Tata group's elegant Edwardian headquarters in India's business capital. "The challenge we've given to all our companies is to address a different market. Pare your margins. Create new markets...
...whole lot worse. Like many markets, India has been badly rattled by fears that the U.S. Federal Reserve and other central banks will keep raising interest rates to fight inflation. That could cause global economic growth to slow precipitously--a worry that's causing edgy investors to pare their exposure to Indian stocks. Marc Faber, a renowned emerging-markets investor based in Hong Kong and Thailand, expects a further fall in the next six months as that uncertainty deepens. "In the near term, you have to be cautious," he warns...
...gushing reviews come after several years of negotiations in which the Pentagon has sought to pare down its larger presence on bases in Western Europe in exchange for smaller outposts, or a "lighter footprint" as one Pentagon official said, in the new democracies of Eastern Europe. The new bases have the virtue, in Washington's view, of being both more flexible and closer to current hot spots in the Middle East and Central Asia. Romanians are also, for the most part, happy to see more U.S. boots on the ground, which would not be true of U.S. allies in Western...
Those shocks will be mild compared with the ones that will follow when the Administration presents its budget proposal for fiscal 1987, which begins next October. That document, due in February, will have to pare planned spending by more than $50 billion to comply with Gramm-Rudman, and leaks and protests are already flowing copiously from dismayed officials and special-interest groups. Since Reagan hopes to protect defense spending, his proposals will focus on domestic programs. Among probable goals: total elimination of the Small Business Administration and Job Corps, sale of the Federal Housing Administration and certain federally operated power...
...Patrick's Day came a bit early on Capitol Hill last week. In the midst of Congress's struggle to pare the federal budget and close the gaping deficit, the House agreed by voice vote to send $250 million over the next five years to Northern Ireland. The money will go into an international economic-support fund established under an Anglo-Irish agreement signed last year by British Prime Minister Margaret Thatcher and her Irish counterpart Garret Fitz-Gerald to give Catholics more of a voice in the affairs of Northern Ireland. The aid proposal allied two politicians who share...