Word: slash
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...farm act gave the Secretary of Agriculture the authority to slash the basic loan rates to force farm prices down and make American products more attractive overseas. But Congress cushioned the impact of lower prices on farmers by increasing cash subsidies. Moreover, the lawmakers relaxed a $50,000 cap on payments to individual farmers...
...become a group of divided and argumentative men, powerless to halt a long slide in petroleum prices. Last week, though, OPEC suddenly sprang from its deathbed and caught the world's attention once again. After nine days of tense meetings in Geneva, the cartel adopted a plan to slash its daily oil production by some 17% in the hope of driving prices back up. The move, like the appearance of a ghost, both surprised and disconcerted the industrial nations and gave at least a temporary morale boost to the world's petroleum producers...
Within three days, the cartel endorsed the plan. It requires the Saudis to slash production from a July average of 5.8 million bbl. a day to 4.35 million. Kuwait and the United Arab Emirates are also called upon to make hefty cuts, reducing their combined output by roughly 40%, to some 1.85 million...
...number of diehard tourists -- on its 8:30 a.m. run from Manhattan to Staten Island. Midway across New York harbor, just past the refurbished Statue of Liberty, a homeless Cuban refugee named Juan Gonzalez, 43, unsheathed a 2-ft. sword he had been carrying. Shouting incoherently, he began slashing and stabbing anybody who stood in his way. Retired New York City Police Officer Edward del Pino, 55, seeing panicky passengers stampeding past him on the ferry's deck, rushed inside in time to see Gonzalez slash a woman to death. Pino, en route home from his job as a security...
With combined revenues of $10.7 billion, the new company, which has yet to be named, will easily pass Massachusetts-based Digital Equipment (1985 revenues: $7 billion), the current No. 2 computer maker. Blumenthal, 60, who will be chairman, said the Burroughs-Sperry combination hoped to slash costs and boost profits by merging the two firms' research and development, marketing and other support services...