Word: paring
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...billion in assets and eclipse its New York City neighbor Citicorp as the largest U.S. banking company. Enthusiastic investors boosted the price of both Chase and Chemical stock more than 10% in a day, expecting the increased efficiency of the combined banks to send profits zooming. But to pare annual expenses by $1.5 billion within three years, the new bank will eliminate 12,000 jobs out of a total of 75,000 and close about 100 of its 626 branches...
...ouster rattled large Grace shareholders like the College Retirement Equities Fund (which holds some 8% of the company's stock), who had applauded Bolduc's strategy of selling off subsidiaries to pare down the firm to a few core businesses. Declares Joseph Cappello, who follows the conglomerate for New Vernon Associates in New Jersey: "Bolduc had done a tremendous job. The reason to buy W.R. Grace stock was the changes he brought to the company...
...masters. If fewer Republicans are getting PAC money from agribusiness, for example, the Speaker may have less trouble commanding party loyalty in any vote to cut, say, farm subsidies. To achieve a similar end, some of the most powerful committees have had their authority reduced. Still, Gingrich didn't pare back all of the sprawl. Ways and Means, for instance, is a magnet for campaign contributions because it controls the tax code. Chairman Bill Archer was willing to make do with 29 members, but demand for seats was so high that Gingrich made...
...dictatorship to 55,000 under the junta. With so many to do so little, government work days are often filled with cups of coffee and idle chatter. Yet their salaries gobble up 80% of the national treasury. To comply with the demands of the International Monetary Fund, Aristide must pare those ranks to 34,000. Whether these bureaucrats will back Aristide's efforts or try to gridlock his attempts to cut jobs is anybody's guess...
...that time of year again when first-years and sophomores with bad memories find themselves dreadfully overextended in the extracurricular department. Can't believe you signed up for the Japanese Tea Society and the Democratic Socialists? You'll be needing to pare down the extent of your obligations. Lucky for you, we have a few tips...