Word: slash
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Dates: during 2000-2009
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...stands to lose about $2 billion, and European giants Munich Re, Swiss Re and AXA aren't far behind. Direct underwriters such as AIG, Chubb, Travelers and Hartford could lose hundreds of millions of dollars each. Many underwriters have jacked up the premiums for airlines and are sure to slash the level of coverage available for damage on the ground. In the future, companies will probably have to pay extra to be covered for an act of terrorism. It hasn't all been bad for the industry, however. With millions of individuals and businesses now worried about new risks, sales...
Easley isn't the only Governor feeling helpless. After a decade of good times, most state governments are being forced to either slash budgets, spend their savings or raise taxes. So far, 17 states have dealt with shortfalls...
...surplus doesn't imperil current Social Security recipients), it's tempting to turn off the whole sorry show and head back to the beach. But the dwindling surplus will have a real impact on ordinary Americans. To avoid cutting into the Social Security trust fund, Congress may have to slash farm subsidies, tax credits for the working poor and other social programs. A lack of surplus dollars to pay down the national debt helps keep mortgage and credit-card rates higher than they should be. And all those great-sounding programs Bush and Al Gore argued about last year--giving...
...another tack. Last month, new (since March) CEO Mario Corti publicly repudiated Swissair's costly expansion strategy, saying the "fragmentation of the group created a difficult-to-manage structure, often at the expense of the customer and causing dilution of the core Swissair brand." He vowed to slash the company's $4.4 billion debt by $1.7 billion over the next 18 months...
...first in his family to attend college, Barreto founded Barreto Insurance and Financial Services, a small company catering to Latinos. He worked on George W. Bush's presidential campaign and was confirmed to head the SBA last month. Barreto, 39, will take over just as Bush plans to slash the SBA's funding...