Word: paring
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Negotiations will be held in the cream-colored Hotel du Pare, which was chosen mainly because its grounds can be easily closed off by the 1,000 French security police assigned to protect the delegations. The hotel faces the excursion dock in case the F.L.N. representatives-who refused to be quartered on French soil-wish to commute by boat from their Swiss hotels across the lake...
...sales surge helped pare dealer inventories by some 25,000 cars, but even so, dealers still have slightly over 1,000,000 cars on hand. In part, Detroit's production cutbacks reflected the complaints of overstocked dealers. Automakers argue that dealers had almost the same number on hand this time last year, but the dealers reply that sales were better last year...
...Long Island offered its trainmen the five-day week, but tied in the offer with economies that would pare the cost from $350,000 to $200,000 a year. Without these, the Long Island said, it would have to raise fares more than the 4?-a-ride hike planned to cover recent pay increases. Under the road's plan, the union would have had to accept a cut in the Long Island's basic hourly pay rate, which is 3? to 7? higher than on most U.S. railroads, to bring it in line with other roads. The union...
Range v. Money. The exotic-fuel program was a casualty of Defense Secretary McElroy's drive to cut back all "marginal" defense work in an all-out effort to pare down the 1961 budget. It put an end to present hopes for boron-powered planes that would get 40% more energy out of a pound of fuel, thus increase their range (or speed) without adding weight. The Navy has already spent $122 million in the program, the Air Force another $110 million. The first group of 20 B-70s with boron afterburners would have cost $3.5 billion...
Shaping up is a drive not to pare but to share the aid burden with Germany, Britain, France, and even some of the underdeveloped nations. This would be done by creating an International Development Association, dubbed "Ida." Ida was introduced to last fall's meeting of the World Bank (TIME, Oct. 20), but failed to get far because the U.S. did not push it with vigor. Now the U.S. expects to plump hard for Ida at the World Bank's September meeting in Washington, set it up with initial capital of $1 billion (one-third contributed...