Word: slashe
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...admiration for telling people the worst. Last week Butler did the same, frankly and specifically, and added to his reputation as one of the fastest rising Tories. No orator, but respected for the cool clarity of his mind, Butler told the House of Commons how the Tories propose to slash $420 million off Britain's imports-and that on top of the $980 million cut announced last November. This is 1952 austerity, Conservative style...
...half its trade, is heavily in debt. Last week nine Commonwealth Finance Ministers, meeting in London's gloomy old Treasury Building, pledged their countries to earn more and spend less, in an effort to balance the family budget by the end of 1952. Each member nation would slash imports, increase exports, try to control inflation; the sterling bloc as a whole pledged itself to work to make the pound once more freely convertible to dollars...
...housing industry, which started 1,000,000 houses last year and had expected enough materials to produce 800,000 this year, will get only enough materials to build 600,000. ¶ The appliance industry, which had expected to maintain the 1951 last-quarter production, got another stiff 10% slash (to 45% of pre-Korea output...
...along the civilian production front last week, squawks of anguish pierced the air. The defense mobilizers, anxious to speed up the laggard flow of guns, announced second-quarter production quotas which made a deeper slash into civilian goods than most businessmen had expected. The casualties...
...Belgium, after watching miners struggling to push loaded coal cars over an uneven tunnel floor, a West Virginia mining engineer named Neil Robinson offered to slash production costs from $14 to $11 a ton-if given a free hand. The skeptical Belgians agreed; Robinson has since set to work injecting U.S. zest and know-how into one of Belgium's oldest and deepest pits-the Good Hope Mine. If he succeeds, and the chances are that he will, MSA hopes to use the "Robinson Experiment" to spark similar coalface production drives throughout Western Europe...