Word: slash
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Dates: during 2000-2009
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...offered discount flights home for cash-strapped teachers, while embassies have opened hot lines to aid their stranded citizens. The out-of-work teachers have glutted the local labor market, causing other schools to stop accepting job applications. "The market is already saturated, and many schools have had to slash prices as enrollment steadily declines," says Susumu Ikegami, a spokesperson for GEOS, the country's second largest English institute. "We worry about loss of consumer confidence in the industry as a whole...
...taking a hit in the global economy. In the Doha round of trade negotiations, the U.S. and Europe are supposed to slash farm supports, and the rest of the world is supposed to slash tariffs and other barriers on everything from cars to software to wood to wine to legal and financial services. But for several years, our reluctance to cut farm supports has stalled the talks, kneecapping American firms ranging from Microsoft to FedEx to Anheuser-Busch, and even American farmers who rely on exports. "The problem is a vested political constituency that's absolutely committed to the status...
...relationship between the Coop and University Hall that is stopping students from saving money on textbooks,” Hadfield said. Zafran, after his altercation with the Coop, does not feel much sympathy for the store. “If they want to get their revenue up they should slash their prices,” Zafran said. “I think if anything, this policy will have the reverse effect because if students aren’t allowed to comparison-shop, students will just get all their books online,” he said. —Staff writer...
Federal Reserve Chair Ben S. Bernanke ’75 and the Federal Open Market Committee voted to slash the target federal funds rate, the overnight rate at which banks can lend to each other, by half a percentage point yesterday to four-and-three-quarters percent—a move that was met with moderate approval from Harvard’s economists. In a statement, the Fed said that “the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally,” and lowered the rate...
...main risk factors to Greece's long-term fiscal sustainability," according to a recent report by the ING. As the European Union's fastest-aging nation, Greece could have one pensioner for every worker by 2040, threatening a blowout in a budget deficit that conservatives managed to slash from 7.9% the gross domestic product in 2004 to a forecast 2.4% this year...