Word: slashe
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...April, is clearing businessmen's shelves of unsold goods and thus preparing the way for an eventual upturn in new orders to manufacturers. An end to inventory cutting would bring an almost automatic rise in production, since more output is required to keep inventories steady than to slash them...
...Southeast Asia, the draft or national political problems. Last week students at Brown University took to the picket line to speak out on what is strictly a campus affair: the school's projected budget cuts and the lack of any student voice in the decision to slash expenses...
...Trash Slash. A steady downward trend has been established by one of the economy's more esoteric indicators: garbage collections. Consumers buying fewer goods have less to throw out; sluggish industrial activity is reflected in less waste. In the first three months of 1975, Chicago sanitation workers picked up 200,000 fewer tons than in the first quarter of 1974. Conspicuously absent are the usual numbers of discarded major appliances such as stoves, washing machines and refrigerators. New York City's household and construction wastes dwindled by nearly 1 million tons in 1974, and continue to diminish...
While Ford wants to cut taxes by $16 billion, Meany last month called for a $20 billion slash. Last week when the House Ways and Means Committee called for a reduction of $21.3 billion, Meany raised his figure to $30 billion. Said he: "Events are overtaking not only the President but the Congress." Meany also wants a minimum wage of $3 an hour and, to spur home building, mortgage rates lowered by Government action to 6%, a notion as simple as it is unworkable...
...cold-blooded cost cutter." The company recently renegotiated a $455 million, three-year revolving credit agreement with a syndicate of 80 banks led by New York's Manufacturers Hanover Trust Co. The banks gave Townsend his financial cushion mainly because he convinced them that he could and would slash Chrysler's overhead to the point where the company can make money even in a poor 6 million-car-sales year...