Word: reductionism
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Dates: during 1990-1999
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With the state fiscal crisis prompting Massachusetts officials to cut ever-farther back on local aid, the lack of tax revenue from University land is a particularly sore point for many city officials. The budget submitted by Gov. Michael S. Dukakis last month proposes a reduction of $86 million in...
"The sense of the meeting was great relief at the reduction in size," Gifford said.
The bad news on inflation dampened Wall Street's hopes that the Federal Reserve Board would continue to loosen credit. Those expectations had run high earlier in the week when major U.S. banks cut their prime lending rate from 10 1/2% to 10%. The reduction could quickly lead to lower...
III. Stress reduction and other health benefits
Along with tax cuts, Reagan insisted on deregulation (a program actually begun by Jimmy Carter in airlines, trucking and banking). He regarded that as "getting the Government off people's backs," and it involved not just a reduction in official regulations but also a relaxation in law enforcement ranging from...