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...nearly all the competing resolutions, but unable to agree on any combination of spending cuts and tax increases that would hold the red ink even to those figures, the legislators fragmented into splinter groups. Conservatives would accept no big cut in military expenditures. Liberals would buy no severe slash in social outlays. Leaders of the controlling Democrats and the minority Republicans lost command of their troops, who rejected frantic pleas that they pass something-anything...

Author: /time Magazine | Title: Chaos Aplenty, but No Budget | 6/7/1982 | See Source »

...bolster its forces in the South Atlantic, Britain had to slash its commitment to NATO. Between one-half and two-thirds of the Royal Navy's operational warships are now in the task force, leaving a large gap in North Atlantic defenses. Normally, the British are responsible for 70% of NATO'S antisubmarine defenses in the eastern Atlantic zone, particularly between Iceland, Greenland and the Danish Faeroe Islands. The U.S. Navy has now taken over those responsibilities, leading U.S. Chief of Naval Operations Thomas Hayward to worry: "We are pushing the Navy as hard as you can push...

Author: /time Magazine | Title: Falkland Islands: Explosions and Breakthroughs | 6/7/1982 | See Source »

...doubt that the current recession has been a major factor in controlling runaway prices. With unemployment at the postwar record high of 9%, and interest rates hovering in the middle teens, people have simply been spending less. This has forced everyone from producers to wholesalers to retailers to slash prices in order to sell their products...

Author: /time Magazine | Title: Prices Take a Big Tumble | 5/3/1982 | See Source »

...choose to judge the University plans to slash down the ivy out of misguided budget-cutting or even lack of aesthetic appreciation for greenery. Surely administrators enjoy the sight of thick, flourishing ivy just as much as we do. Moreover, to borrow one official's famous sentiment, if the ivy does vanish, students will have to look at bare wills for only four years; deans will have to look at them for life. No, we are willing to believe that Harvard's leaders would not be taking out their clippers unless the ivy were seriously munching away at Harvard...

Author: NO WRITER ATTRIBUTED | Title: Baring Harvard's Soul | 4/29/1982 | See Source »

...sales jobs. Engineers, designers and factory hands were soon manning Mazda showrooms at 110 locations around Japan. Said one union leader of the arrangement: "It was a matter of whether Toyo Kogyo would live or die. We would be jobless if it died." The unions also allowed attrition to slash Toyo's payroll from 37,000 employees in 1973 to 28,000 today. The reduction boosted assembly-line productivity from 19.3 vehicles per worker in 1975 to 45.7 vehicles this year...

Author: /time Magazine | Title: Comeback Kids | 4/26/1982 | See Source »

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