Word: shrinkings
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...zone plan guarantees no new jobs or job training--making it all too easy for businesses to nab giant tax breaks by hiring a few residents of the zone as custodial workers. Indeed, housing and other social service budgets that largely support America's inner cities would continue to shrink or disappear--making any hope for urban revival through the zone plan dim at best...
...right combination for the economy. Inflation is abating somewhat, but the nation has stumbled into a recession that Reagan admitted he had not foreseen. The combined impact of the recession and the tax cuts threatens disastrous budget deficits that Reagan has not yet found any persuasive way to shrink...
Instead of relying almost exclusively on spending cuts, Heller, Pechman and Schultze all proposed lists of revenue raising measures designed to shrink the 1984 deficit sharply. Each urged the Administration to postpone the third stage of the Reagan tax-cut package, which is scheduled to reduce federal income taxes by another 10% when it takes effect in July 1983. This, they said, would automatically reduce the fiscal 1984 deficit by approximately $30 billion. Such action was ruled out by Reagan at his press conference last week when he stressed that he intended to stand by his income tax package...
McDonnell Douglas is looking to defense business to keep its assembly lines full. The company sold $2.2 billion worth of DC-10 and DC-9 aircraft last year, or about 37% of the firm's $6.1 billion in revenues. Analysts expect the commercial share of sales to shrink due to slowing air traffic and a rising backlog of government orders. The company's military hardware includes Harpoon antiship missiles and F-15 Eagle jet fighters. But McDonnell Douglas will not be dropping out of commercial aviation. It has signed a memo of understanding with Fokker aircraft...
...their owners' life-styles can send kitties into tailspins. When Philadelphia Writer Marc Kaufman, 32, and his wife Lynn Litterine, 35, brought home their new baby, their cats, Yukon and Ted, became perverse-fighting, spraying and hissing. The couple sought out pert, brunet Ginger Hamilton, 45, a cat shrink, one of only a dozen or so such practitioners in the country. Her pet-psychology office in Silver Spring, Md., has quadrupled its business in the past decade. For a fee of $50 an hour, Hamilton began involving Yukon and Ted in play-and-affection sessions that gradually included...