Word: retrenchement
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...Howard Clark Jr., who is known to favor a no-frills corporate style, as the chief financial officer of American Express. "Times have changed," says Lawrence Eckenfelder, who follows the securities industry for Prudential-Bache. "The name of the game now is to wring out the excess, cut costs, retrench...
...Ethiopia, Angola and Nicaragua required huge subsidies. Afghanistan was costing lives as well as money. In Eastern Europe the explosive forces of dissent were building dangerously. The stagnant Soviet economy was falling further and further behind the West. Gorbachev's only option was to reform at home and retrench abroad...
Many "service" issue proponents in this fall's council elections cited the campus-wide furor over ROTC last spring as a reason to retrench from the activist course charted by former Chair Kenneth E. Lee '89. They urged the council to address fewer divisive issues and focus more on adminstrative tasks like planning social events and installing frozen yogurt machines in the dining halls. None of these people got my vote...
Ultimately, there are limits to how far Japan can advance as a superpower, and limits to how far the U.S. can retrench. Japan cannot assume a major military role against the opposition of its neighbors and most of its own citizens. Nor can the U.S. abandon the position it has occupied for the past 40 years as the world's only military and economic superpower. No other nation has the capability to replace Washington as the West's chief guarantor of prosperity and peace...
Connally never incorporated his main business, and is now vulnerable to creditors' claims on his personal assets. A high roller, Connally has begun to retrench. While he still maintains his Floresville ranch and his $960,000 home in Austin (with his and hers Jacuzzis), he sold his house in Santa Fe and put a FOR SALE sign on a penthouse condominium on South Padre Island in the Gulf of Mexico. His treasured racehorses were the latest to go. A man who never seemed to doubt himself, Connally still believes he can ride out his troubles. But this time...