Word: slash
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Dates: during 1960-1969
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...greater support. As ammunition against the critics, he has data from 17 reports compiled since 1964 by LOGLAND ("Logistics Support for Land Operations") and other Pentagon committees that strongly advocate the FDLS program. The reports show that McNamara's flexible response strategy would by its very speed alone slash the duration of conflicts by half, cut casualties to the U.S. and its allies and vastly reduce the amount of friendly territory that would have to be recaptured. Those considerations alone should ultimately clear the jam in LOGLAND...
...tripartite British-German-U.S. talks in London on the question of Anglo-American forces in West Germany, Wilson's representative argued that Britain's pound and balance-of-payments position were so strained that the government would have to slash its 55,000-man British Army of the Rhine by two-thirds unless the West Germans helped to offset its foreign-exchange costs of $250 million a year. But also last week Wilson jetted to The Hague on his fifth mission to Common Market countries and reiterated a now familiar theme. His argument: the pound has become...
Chase dropped a bomb on Jan. 26 by cutting its prime rate from 6% to 5½% -the first such drop in six years. Though delighted, even Administration economists were surprised by the size of the slash. "Too much, too soon," chorused other bankers, who next day began cutting their rates half as much, to 5¾%, in a half bow yet pointed rebuke to Chase. Then they sat back to watch loan demand swamp Chase with more business than it could handle...
...producers and consumers-met in London last week to thrash out a solution to the price problems. Because of slack demand, coffee has slipped in the past year from 4310 per Ib. to 3810. To prop the price at a more acceptable level, the I.C.O. in all probability will slash producers' export quotas to bring supply more in line with demand. In the four years since the I.C.O. was set up, such klatsches have helped stabilize the market to the benefit of growers and drinkers alike...
...budgetry proposals, as outlined by Finance Director Gordon P. Smith at a special meeting of the regents in Los Angeles last week, call for a cut in the state's contribution to the university from this year's $240 million to $192 million-a 20% slash and nearly a third less than what University President Clark Kerr and the regents had sought. To make up the difference, Smith proposed to take $22 million from a special regents' reserve fund and save $5,000,000 more by delaying Berkeley's scheduled shift to a quarter system this...