Word: reductionism
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Dates: during 1990-1999
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Under attack for liquidating its holdings too slowly, which increases the need for cash infusions, the RTC has begun to speed up the pace. Last week Seidman announced the details of a "fall inventory-reduction sale," in which the agency will unload shuttered thrifts and seized assets by the end...
The most spectacular setback was a House reduction in spending for the Strategic Defense Initiative to $3 billion, almost $2 billion less than the Administration requested. Furthermore, the Senate, on Saturday, passed historic legislation making it all but impossible to decide on space-based deployment by 1993. Over the past...
So far, the cracks in Bush's armor are only of the hairline variety. A TIME/ CNN poll, conducted last week by Yankelovich Clancy Shulman, gave him a robust job-approval rate of 61%. But that is down 9 points since April. More troubling for the White House is a...
So last week McDonnell announced an austerity plan to reduce annual operating costs more than $700 million. This will include an 11% reduction in the work force that will eliminate 14,000 to 17,000 jobs, about half of them at the firm's Douglas unit in Long Beach, Calif...
Amid such crosscurrents, many economists hope that the White House and Congress will make substantial progress in their talks on shrinking the budget deficit. While the proposed $50 billion reduction could dampen the economy in the short run, many experts argue that a smaller deficit would reduce the danger of...