Word: paring
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Dates: during 2000-2009
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...positions were eliminated and 74 employees were dismissed. The cutbacks followed CBS's decision in August not to renew the contract of Supreme Court Correspondent Fred Graham, who reportedly earned $250,000 a year. The reductions, which affected 10% of the 1,250-member staff, were designed to help pare $6 million from the division's estimated $225 million budget. Though the savings were part of a company-wide austerity program put into effect after CBS bought back 21% of its own stock for nearly $1 billion last summer, some news personnel felt that Sauter and Joyce should have fought...
...controls in late 2001. Now "it's the only European flag carrier making money on short-haul" regional flights, points out Joe Gill, research director at Goodbody Stockbrokers in Dublin. Walsh clipped Aer Lingus' staff numbers by about a third and trimmed costs, part of a "culture to pare everything down to the bone," says Gill. But the ex-pilot failed to push through further job cuts before his departure in January. And rising fuel costs and chronic staff troubles could make it hard to get similar steps at BA off the ground. - By Adam Smith Trading Flaws Frankfurt...
...creating more disposable income than they are," Snow said last month. "We need Europe to be more of an engine of growth, and we need Japan to be more of an engine of growth." But TIME's experts aren't convinced. They expect Bush will have to pare spending regardless of how strong the economy grows. Already there are signs that momentum may be slowing: the estimated 3.1% annualized growth rate posted in the U.S. in the fourth quarter is the weakest in two years. Naím even predicts a battle in Washington between fiscal conservatives, who advocate a hands...
There are signs that Americans, in general, are looking to pare back the excesses of Decembers past. When Gallup polled 1,000 adults last year about their projected holiday spending, the average estimate was $776. Although that's not exactly a Bob Cratchit budget, it's down from an average of $857 in 1999. One in 5 people planned to spend less than they did the year before...
...INSTITUTED. A FIVE-DAY WORKWEEK; in South Korea. Acceding to long-standing demands from the country's labor unions, the government announced that it will require companies to pare their employees' workweeks down from the six-day schedule that saw the nation through years of rapid growth. But the shorter period comes at a price: some are concerned that higher labor costs and lower productivity incurred by the move will hurt Korea's already sagging economy...