Word: slashe
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...expensive proposition. Ma Bell has long claimed that it was levying high rates on long-distance service as a way of keeping down the cost of local calls. Last week the Federal Communications Commission took a giant step toward rearranging that system by ordering AT&T to slash long-distance rates by 6.1% beginning May 25. The move could save American consumers up to $1.8 billion a year...
Peter Zaglio, an industry expert with the investment banking firm Lehman Brothers Kuhn Loeb, predicts that an end to quotas would slash auto profits by more than 50% in 1985. Ford and American Motors would suffer the worst setbacks because they have made no deals to distribute Japanese cars. Chrysler might be able to maintain its market share by selling more models from its Japanese partner, Mitsubishi. The only company to favor a removal of import curbs is General Motors, which plans to sell Suzuki and Isuzu cars through its Chevrolet dealers...
...something of a history maker. Answering an advertisement in the back of a "Robot Men of Mars" comic book. Beaver and Weekly mail off $2.50 for a "Genuine Florid Alligator "But when the critter arrives, the two realize they have no where to keep it and are forced to slash it in the toilet tank...
...budgets; at the same time, Reagan's main tax reduction produces significantly larger dollar savings for those with higher incomes. While the federal income tax is progressive, imposing proportionately bigger burdens on those who earn more, the tax cut is not similarly graduated but rather a straight 25% slash in the rate for all income levels...
...computers will help smooth what has been a shaky start after its breakup. Faced with rising costs resulting from regulatory decisions, Chairman Charles Brown said two weeks ago that AT&T profits in the first quarter would be lower than expected. He indicated that the firm might have to slash its dividends after the first quarter unless the Federal Communications Commission reverses rulings that require A T & T to pay substantially more than rival long-distance firms for access to local telephone networks. The agency agreed last week to re-examine the matter...