Word: scrapped
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...figures that "improved management techniques" could cut 5% to 7% out of its spending without reducing security. He wants to maintain overall U.S. military strength on a par with the Soviets'?he speaks of "rough equivalency"?but would somewhat change the composition of the forces. He would scrap plans to produce the B-l bomber, a $21 billion program, while maintaining research and development on the supersonic aircraft. He would equip obsolescent B-52s with new, long-range cruise missiles. He would build more Navy ships but concentrate on smaller vessels, like destroyers, instead of carriers and cruisers...
...take care of the matter. Having served on Hoover's personal staff, Moten did as he had done in the past: asked the exhibit section to help out. When Kelley asked Moten how much the valances cost, the chauffeur replied: "What the hell, boss, it was only scrap lumber-forget it." Until last week, Kelley...
Whoever wins the great scrap of 1977, all the automakers are already at work down-sizing their cars for 1978 and later years. GM will reduce the size of its 1978 intermediates, then its 1979 compacts. The smallest cars will have front-wheel drive to eliminate the transmission-train "hump" that decreases back-seat leg room. Next spring Ford will trot out a pint-size Lincoln called the Versailles and in another year will be bringing over its subcompact Fiestas from Europe (TIME, July 12). In 1979 both Ford and Chrysler are expected to introduce new full-size models...
...translated by industry sources, this meant that Chairman William Verity Jr. had become irritated when he learned that some steelmakers were making deals to ship flat-rolled steel to selected customers at the old prices after Oct. 1. Verity's move immediately put pressure on competitors to scrap plans for an increase and thus keep pricing policy out in the open...
...world's greatest athlete" would have been an apt climax for many past Olympics. But at Montreal, it seemed almost atavistic. Gone, at least for now, are the days when the superpowers smugly split up the men's track and field medals between them, leaving only scrap iron for the satellites of sport. The victors' list last week read like a Rand McNally index, with 13 nations sharing the 23 gold medals (a division of spoils that might have been even wider had the Africans been competing). Mexico, Cuba and Trinidad fielded their first champions...