Word: slash
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Dates: during 1990-1999
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There is little doubt, however, that the price tag is going up. While the Bush Administration has earmarked $130 billion for the bailout, Bowsher said the RTC will require at least $150 billion as depressed real estate markets slash the value of RTC holdings. When interest charges are included, the final cost of the cleanup could approach $500 billion over the next 40 years...
...another reminder of how the great confrontation has mellowed, Washington and Moscow announced last weekend that they had finally settled their differences over an agreement to slash conventional forces in Europe. That resolution cleared the way for progress toward a treaty limiting nuclear arms and thereby made a long-discussed Bush-Gorbachev summit in June more likely...
...city's $28.7 billion budget for the fiscal year beginning July 1, Mayor Dinkins has proposed unprecedented cuts in public services, $1 billion in tax increases and the elimination of 27,000 jobs. In an exercise of political brinkmanship, the mayor has targeted many worthy projects. He would slash education by $579 million, which means fewer teachers and larger classes -- even as enrollment leaps by 18,000 this year. He has marked 10 homeless shelters for closing. With tears in his eyes, Dinkins announced cuts in the infant-mortality program...
Ford, the Big Three's most profitable member in the late 1980s, has adopted a calm, steady-as-you-go approach to regaining momentum. Ford plans to roll out two new vans and a modestly restyled Taurus over the next 12 months. Meanwhile, the company intends to slash North American salary costs 20% by the end of 1993. "Our strategy," says financial vice president David McCammon, "is to keep improving quality, to keep improving productivity and to keep our costs as low as possible...
Yale, which must slash an $11 million athletic budget by $560,000, will retire the varsity men's water-polo and wrestling teams and the junior varsity men's hockey team. Disgruntled Eli captains said they had been targeted because of low attendance and Title IX regulations, which compel universities to offer equal athletic opportunities to men and women...