Word: paring
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Almost every private and public authority of the Western countries agrees that to avoid a genuinely serious threat to the dollar, the U.S. must dramatically pare the inflationary deficit in both its domestic budget and balance of payments. Says General Director Max Ikle of the Swiss National Bank: "The welfare of the world depends on confidence in the dollar, and this now depends on American fiscal policies...
...auto industry, plagued by lower consumer demand during the first part of 1967 and strikes later on, showed signs of rebounding at year's end. General Motors increased profits during the fourth quarter by 2% to pare its decline for the year to 9%. The company reported* total earnings of $1.63 billion on sales of $20 billion. Though the industry hopes for record car sales in 1968, the momentum of G.M., for one, is threatened by continued labor woes. With local walkouts curtailing production at company plants, some 84,000 G.M. workers were...
...amendment after another. One proposed by Indiana's Ross Adair cut $72 million from the Alliance for Progress. Alabama's John Buchanan easily trimmed $25 million from the contingency fund, which is used to meet unforeseen emergencies. House Armed Services Committee Chairman Mendel Rivers successfully moved to pare $60 million from military-assistance funds. An amendment sponsored by Illinois' Paul Findley bumped Poland from its cherished status as a favored nation in trade matters...
Henry's trio aims to get out of the barely black and into the wider blue. The merged lines promise to pare expenses by cutting out competing ticket offices in some 25 cities and by ending route duplications. By building up their fleets, which now include Fairchild F-27 turboprops and Douglas DC-9 short-haul jets, they hope for rich runs to Hawaii and to Mexican resorts...
Mary I. Bunting, president of Radcliffe, pledged over the weekend that she would try to pare the College's budget to make it financially possible for more girls to live in their own apartments next year...