Word: slash
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...business by the summer; otherwise, Citigroup gets the keys. His allies say he can raise the money from third-party investors, but that is only enough to keep EMI out of the bank's hands for 12 more months. What Hands really needs is a deal with Citigroup to slash EMI's debts. But like any good band in crisis, Hands and his onetime partners at Citigroup have fallen out. (See the top 10 albums...
...ugly? Greece is already scrambling to lower its deficit of nearly 13% to the E.U. ceiling of 3% by the end of 2012 under a European Commission plan to be endorsed on Wednesday. Spain is similarly promising to slash its deficit of 11.4% to just 3% by 2013, although the country - which is still reeling from the recession, with unemployment of nearly 19% - has been vague about how it will do that beyond proposing $69 billion in cost-cutting measures over the next four years. Last month, French officials somehow managed to sound proud when they announced that France...
...open forum last September, Smith announced that FAS had closed half of its two-year $220 million budgetary gap, noting that the administration would aim to slash another $20 million from the deficit for the fiscal year ending in 2010. But the new figure suggests that the administration has exceeded its expectations...
Sick of high household bills? Shopping maven Stephanie Nelson, founder of the popular website couponmom.com has developed a method that she promises will slash your food and drugstore costs. She describes her techniques in her new book, The Coupon Mom's Guide to Cutting Your Grocery Bills in Half (Avery). TIME senior reporter Andrea Sachs visited with the thrifty author, who lives in Atlanta, Ga., during Nelson's recent visit to pricey New York City...
...plan is being watched closely in countries like Germany and Belgium, where officials are also weighing creative policies to slash carbon emissions. If it succeeds, it could usher in a wave of "smart" charges on roads across the continent. If it doesn't, the Netherlands may have to brace itself for a road rage epidemic...