Word: slashe
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...strong feeling out there for a freeze across the board." In a speech last week at St. John's University in New York City, Reagan indicated that he is "willing to consider" cuts as long as U.S. security is not threatened. The Administration is hoping to force Congress to slash specific programs rather than impose a percentage reduction in military outlays; that way, the lawmakers would face political heat for trimming back weapons systems that produce jobs back home. But the tactic could backfire: one choice target for congressional budget cutters is Reagan's beloved Star Wars program, for which...
...They treat you just like cargo," goes a typical passenger gripe about cheap flights. That bit of hyperbole is getting to be closer to the truth as airlines battle to slash fares and frills. Eastern Airlines announced last week that beginning April 1 it will sell seats on late-night freight flights. The coast-to-coast fare for the "Moonlight Special" will be $98, in contrast to $129 for Eastern's least expensive daytime runs...
...slowdown is affecting both the Macintosh line and the mainstay Apple II. The company has increasingly aimed the Macintosh at the business market, in the hope of ending the IBM PC's virtual stranglehold. To boost Macintosh sales, Apple has been offering dealers cash rebates as an incentive to slash prices...
...that is only the beginning. The investor, who typically leases his yacht to a firm that operates charter fleets, can write off interest costs and virtually all other expenses associated with the purchase and can further slash his taxes by fully depreciating his boat over five years. Even the price of air fare to and from the mooring place can sometimes be deducted as a cost of inspecting the craft...
Officials stress that these changes would be phased in gradually. But there is no question that the cumulative effect would be severe. One indication: the Administration bill is eventually supposed to slash Government spending on farm-income support to some $3.5 billion to $5 billion a year from the present $15 billion. Some farmers would probably go broke with that little Government help, but the Agriculture Department contends that those who survive will eventually profit by growing and selling more to the world at competitive prices...