Word: slashe
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...slight the United Nations, either by violating our guarantee to diplomats of umimpeded entry to the United States through normal travel channels, by suggesting the United Nations move elsewhere, or by threatening to slash funds earmarked for the organization, we undercut international cooperation and harm the American national interest. Aside from its work in fighting world hunger and keeping the peace in embattled nations, the United Nations best serves as a forum for international discussion. The Reagan Administration found it very profitable to use the United Nations in this context in bringing world opinion to bear upon the Soviet Union...
...unresolved issue in the Continental case is whether the company could legally slash labor costs through bankruptcy, since its real intention was to cut its work force and get employees to accept lower salaries rather than simply to shield itself from creditors. A company filing bankruptcy has, in some circumstances, had to prove conclusively that it was in imminent danger of collapse to get out of its union contract obligations...
...substantial drop in interest rates and the dollar's exchange rate will not come, Feldstein said, unless Congress moves to pare the federal deficit. TIME'S economists agreed, however, that with an election year coming up, few politicians would be willing to lead a drive to slash spending or raise taxes. Predictably, the House voted last week to authorize an additional $1.6 billion for ten education and health programs in an effort to reverse some spending cuts made early in the Reagan Administration. House Speaker Tip O'Neill declared that any tax-hike initiative would have...
...been saying all along, that the price for IDS, some $1 billion in American Express stock or nearly three times Alleghany's book value, was too high American Express left open the possibility of a new agreement but only with "revised terms and conditions." Translation: Alleghany must slash its price...
Most private experts and foreign leaders agree, however, that the U.S. will have to slash the federal budget deficit to well below $200 billion before it can effectively contain its currency. "You simply won't get any change in the dollar until the budget process is brought under control," argues Rimmer de Vries, chief international economist for Morgan Guaranty Trust. The deficit for the coming year is now estimated at $180 billion or so, but it may have to shrink a lot more before any Government intervention will stop the U.S. from serving as a magnet for cash from...