Word: slash
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Dates: during 1990-1999
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Similar cuts are looming at Stanford, which is planning to slash $43 million over the next two years. And Columbia University, which faces a $50 million deficit, will probably follow suit, although the heads of 26 arts-and-sciences departments have threatened to quit if the cutbacks are too harsh. Adding to the woes of such elite and venerable universities are harrowing upkeep costs for aging buildings: at Yale the tab for deferred maintenance is said to be $1 billion...
After months of predictions, the long-awaited peace dividend began arriving last week -- in the form of pink slips for thousands of defense workers. Connecticut-based United Technologies (1991 revenues: $21.2 billion) announced plans to slash nearly 14,000 jobs, or 7% of its work force, with more than half the cuts coming from defense and aerospace programs...
Every week seems to bring a new spate of plans for reducing defense spending. While the Bush Administration would reportedly whack $50 billion out of a $1.89 trillion five-year military budget, some leading Democrats want to slash as much as $150 billion. Not to be outdone, the Pentagon has been tinkering with a cost-saving plan to finance the research and development of new weapons without actually buying them -- an idea that horrifies the defense industry...
...Slash the capital gains tax on new investments -- but not on real estate or "trading" profits, only on profits made from investing in newly issued stock and bonds...
That question is nearly always answered with the same casual assumption: the U.S., of course. Having dumped $4 billion into the country since 1980, the U.S. has become El Salvador's cash cow. A major cutback of funds from Washington was once as unthinkable as a slash in Soviet aid to Cuba; now it may also be just as inevitable. Ambassador William Walker tries to convince Salvadorans that American support for their country is unwavering. Yet he acknowledges, "I don't know any more than they do what's going to happen up on Capitol Hill." Given the economic climate...