Word: slash
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Professor of Biology Robert M. Woollacon will also use a lottery, Wilcox said, to slash 120 students from the 160 who showed up for Science B-30. "Reproductive Biology...
...shed some of the conglomerate's less profitable divisions; last week he announced that ITT was going on the corporate equivalent of a crash diet. In the coming months, it plans to sell more than a dozen subsidiaries with assets of $1.7 billion. That will be a 12% slash in the company's current assets of $14.1 billion. Officials disclosed only a partial list of the units for sale. They include Eason Oil, the Bobbs-Merrill publishing house and O.M. Scott & Sons, which makes Turf Builder lawn fertilizer. ITT also intends to sell a minority interest in its Sheraton hotel...
Stockman would like to slash the bankruptcy-bound Medicare system (estimated 1985 cost: $71 billion) by $3 billion next year and $20 billion over three years, principally by freezing hospital and doctors' fees. The medical lobby is determined to stop him. Stockman proposes cutting agricultural subsidies by close to $9 billion over three years, but farmers are up in arms. He has suggested reducing student aid by $5.5 billion during the same period, angering millions of middle-class families with college-age children...
...assistance. Last year alone, federal farm programs cost $7.3 billion, and this year they could run as high as $15 billion. Next month the Reagan Administration will propose to Congress a drastic overhaul of the whole costly system of price and income supports for farmers. The policy shift would slash $7 billion a year from the federal budget deficit and would mean dramatic changes in American farming. Says Agriculture Secretary John Block: "We need to become competitive in pricing and selling our products and get away from controlled production...
...Administration proposal, which would replace the Agriculture and Food Act of 1981 that expires next Sept. 30, would sharply pare back subsidies over the next five years. It would slash price-support levels and phase out payments that now bolster the earnings of producers of such major commodities as wheat and corn. In addition, it would cut federal outlays to growers who are paid to leave their land fallow in order to hold down the supply of crops and thus keep prices firm...