Word: paring
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...enriching themselves like before, forcing the bottom teams to have a minimum salary will equalize wage distribution throughout the league. Teams won't be able to make the calculus before a season that since they can't win with a payroll of $45 million, they should just pare it down to $15 million and take their chances. It forces every team in the league to compete. And if your market is too small to meet this burden, then it is time to either fold up shop or move...
...companies are putting much more invested capital behind each worker these days. Also, "managers are managing differently." They are concentrating on cutting costs much more than in the past. Partly that is because they have been "scared by international competition." And stock options and other incentives push them to pare expenses as the best way to increase profits at a time when price increases run into stiff resistance...
...warlords--the strategy may prove a spectacularly profitable act of reinvention. The firm's floundering share price nudged upward after the June announcement, and it got another boost last month, when earnings reports showed profits trebling in the first half of the year. The surge enabled De Beers to pare down its stockpile of rough diamonds--which, because the company no longer has the ability to set prices, has become a wasting asset. De Beers plans to reduce the stockpile by $1.5 billion next year--and to pump the savings into ad campaigns aimed at fostering consumer demand. The company...
Having just started previews for a May 18 off-Broadway opening, Kaufman and company are still trying to pare down the play's bulky three-hour length. But the work's passion and power are clearly in evidence. On a stage populated mainly by wooden chairs and tables, eight actors talk directly to the audience, describing the interviews they did and re-creating them at the same time. There are choice, often harrowing details: the bartender recalling that the two killers paid for their pitcher of beer entirely in dimes and quarters; a deputy sheriff noting that the only place...
...spades in the U.S., which last week marked its longest period of expansion in history, with unemployment figures (currently 4%) that most European countries can only envy. Hormats predicted more of the same this year. He gave a share of the credit to the Clinton Administration's drive to pare the U.S. budget deficit, which has succeeded beyond anyone's wildest fantasies. Among other things, he noted, the fiscal achievement turned what government economists in the mid-1990s projected would be a $400 billion deficit in fiscal 1999 into a $120 billion surplus. At the same time, individual stock-market...