Word: slash
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Dates: during 1950-1959
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...other hand, the Tories' deficit for the first six months of 1952 was some ?589,400,000 ($1.6 billion), far more than they had estimated. To keep the benefits of the stronger pound, the Tories will have to find a way to slash spending. Even if the pound continues to rise, British economists guess that convertibility is still months away; that the government should wait until its dollar reserves are boosted from the present $1.7 billion to at least $3 billion. But even at best, pound convertibility would be limited to current accounts, would not affect the $10 billion...
While Kennedy usually votes for programs of foreign aid, he also votes to slash their appropriations. He decided to slash E.C.A. aid by 350 million dollars, helped to cut vital Near East aid by 35 million, and blustered on such topics as Teheran and China policy. The Mutual Security Act amendment to donate military equipment to Spanish dictator Franco was sponsored by Congressman Kennedy...
...concrete plant, the visitors saw a sight unique in Canadian papermaking. The wood supply clanking up the jackladder to be milled into paper was not the customary heavy, costly pine, fir and spruce; it was scraps of branches and tree tops and scrubby hemlock, waste wood that loggers call "slash" or "hog." Pounded by the mill's crushing stones, the scrap was being processed into newsprint as marketable as any produced from the most expensive pulpwood...
...Arizona's Senator Ernest W. McFarland, who persuaded the Petroleum Administration for Defense to okay the line. To benefit Arizona, Glasco agreed to tap his line with a $17 million refinery in Florence, Ariz, capable of processing 15,000 bbls. of crude a day. Glasco hopes to slash petroleum costs in Arizona drastically; they are now among the highest in the U.S., since every drop must be brought in by truck or railroad...
Harry Truman, who had defied one lobby by refusing to raise the tariff on Swiss watches (TIME, Aug. 25), last week defied another. Despite the protests of 13,000 independent U.S. oil producers, he approved a slash of as much as 50% in import duties on Venezuelan oil (e.g., from 10½? to 5¼? on "low gravity" oil), and abolished all import quotas...