Word: reductionism
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Dates: during 1990-1999
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Sinai pointed out that the Republican and Democratic plans of today have not been spelled out in full detail and may not be totally accepted by the presidential candidates who are nominated. Nonetheless, he attempted a summary of their likely economic effects. The Republican plan, he thought, would prompt slightly...
In sum, the Republican plan is heavily oriented toward consumption and growth, the Democrats' toward savings and debt reduction--not quite what one would expect from the past history of the parties.
Mocha's comments point to another difference between little mergers and the monster variety (besides the obvious one of size). Although the conglomerate craze is waning, most big-time mergers still aim at a degree of diversification. But small firms almost always combine with others in the same industry. That...
ORIGINAL PLAN Tax cuts: $792 billion Debt reduction: $257 billion Increase in govt. spending: None
Harvard's trash has shown "an encouraging trend towards significant waste reduction" over the past year, though much of what is still discarded could be recycled, the Environmental Action Committee (EAC) reported in its second annual waste audit.