Word: parings
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Dates: during 2000-2009
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...Coaxing staff to work for free is only the airline's latest effort to pare costs. BA has said it will idle 16 more planes this winter, adding to the 3% cut in capacity instigated in late 2008. Management bonuses have been shelved. Unpaid leave and temporary or permanent part-time work, meanwhile, have been on the table since last month. And talks with unions are continuing over how to squeeze staff costs still further - BA's head count has already fallen by 2,500 since last summer. (Read "British Airways: Cabin Pressure...
...franca. Sondheim's not bitter: "Pop made people listen to lyrics more." He is regretful, though, that orchestras have shrunk - no new Sondheim show has had a full orchestra since 1981, and as smart and innovative as the new chamber-piece productions of his shows are, "you can always pare down a big orchestra, but not build up," he says. (See pictures of New York...
...embedded expenses are hard to pare. What are you going to do, buy a smaller house tomorrow? The trick is to see through the fiction that certain costs are "fixed." The typical family spends $1,303 a year on electricity; by simply unplugging appliances when you're not using them, you can shave 5% to 10% off that bill. And when was the last time you shopped for cheaper car insurance? It's an expense that's out of sight most of the year but a significant chunk of what we spend...
...faculty buyout has the potential to harm Harvard’s educational mission if it is carried out with the hiring freeze still in place. The early retirement incentive is similar to one offered to staff two months ago and is part of a series of measures intended to pare down the faculty’s budget, which is expected to run a $220 million deficit over the next two years if the school does not take measures to reduce its expenditures...
...Congress and the White House now face a limited set of options, especially as they struggle to maintain the president's priorities, which include more spending for education, health care and energy reform. They can pare back the spending plans, propose further tax increases, or hope that the CBO got the projections wrong and the economy does not deteriorate any faster than already expected. "I think it's easy to exaggerate fluctuations in the deficit projections, which are driven by small changes in underlying assumptions," Orszag told reporters. "I also recognize that despite that, the CBO numbers are going...