Word: slash
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Dates: during 2000-2009
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Amid a drumbeat of grim financial updates, two blue-chip companies announced plans for massive layoffs last week, spurring fears that the bloodletting on Wall Street could be just a prelude to deeper job cuts across the nation. American Express announced that it will slash 7,000 positions - some 10% of its staff - as part of an effort to save $1.8 billion next year as a counterweight to the rising number of consumers defaulting on their payments. Within hours of that announcement, communications giant Motorola Inc., which cut some 2,600 jobs in April, said it would trim an additional...
Like the nation, Massachusetts is already facing an economic crisis. Governor Deval L. Patrick ’78 has already had to slash the state budget by $1 billion. The cuts—$9 million for law enforcement, $31.9 million in mental-health resources, 1,000 jobs—have sobered members of both political parties. Question 1 would only kick us while we’re down. Revenue from the income tax represents 40 percent of Massachusetts’ budget—without it, the state faces cuts of $12.5 billion...
...Kagan says cable TV advertising will have grown an impressive 10.7% by the end of 2008, as channels like ESPN and Lifetime continue siphoning viewers away from broadcast TV. Next year cable ad revenues will grow only 4.7%, Kagan predicts, because of the recession. But when squeezed companies slash their advertising budgets, cable has the cushion of a second revenue stream - about 50% of its cash comes from affiliate fees paid by cable operators...
...deployments in Iraq and Afghanistan are expected to cost close to $200 billion for 2008 alone, and maintaining that commitment will become considerably more burdensome as Washington is forced to funnel many hundreds of billions of dollars into simply averting financial collapse. The looming global economic recession will further slash tax revenues available to the U.S. government...
...second floor becomes a “lounge”, and a dance floor slash comedy club is added to the third floor...