Word: slashe
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...founder and first Prime Minister, Peres got started in politics as a youth and by 1974 had risen to become Defense Minister. In a recent interview with TIME, Peres outlined his plan to deal with Israel's economic crisis. He said that his first priority would be to slash funds for settlements in the occupied Arab territories. Next he would try to obtain an agreement among labor, government and industry to freeze wages, salaries and taxes under a "social contract." He would reimpose tight currency controls and, in one of his most innovative programs, make it mandatory...
...intent, welfarism is threatening bankruptcy in some countries. Attempts to curb its excesses are beginning to cause political disruption and even social unrest. In France and Britain, labor unions and other groups have demonstrated against cutbacks in medical and education benefits. In Belgium and The Netherlands, attempts to slash welfare spending have helped trigger Cabinet crises, along with protests involving workers, students, doctors and even pharmacists. In Sweden, long a model of social consensus, unions and employers paralyzed the country last spring with nine days of work stoppages over wage claims that eventually forced the government to grant tax relief...
TOREDUCE this crippling dependence, they advocate swift decontrol of prices and demand reductions through conservation. But unlike rightwing proponents of decontrol, they are aware at least of equity considerations, and propose a huge windfall profits tax of up to 90 per cent to slash Big Oil's potential profits...
They call the raging Iran-Iraq war the most likely such spark, but cite others-including domestic revolt in Saudi Arabia, or the use of the Arab oil weapon again in another war with Isreal-that could slash U.S. energy supplies drastically, creating longer gas lines and higher prices than ever. Such gloomy scenarios may sound improbable, but don't dismiss them: the authors accurately forecast the Iran-Iraq conflict as likely weeks before it began...
...time of lights, yes, but also of sounds-sounds that flood in to reassure and delight. Outdoors, bells ringing in church steeples and in the hands of Volunteers of America Santas, organ music at skating rinks, the slash of sharp blades on crisp ice. At home, crackling fires and, if it has snowed, the stamping of feet as friends come in from the cold. Much later, out of the silent indoor darkness, the unmistakable soft tinkle and pop when an ornament falls off the tree. Above all, there is the joyous sound of people singing. Across the nation this week...