Word: slashe
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Manufacturers insisted they could not help. New England and Southern mill owners, who had just upped wages 8%, complained that prices were already too low. Rather than slash them more, they cut back production. Four-day work weeks and layoffs became common in the industry...
...foot the bills? With employment at an all-time peak, most sellers thought they would. But in the entertainment and resort businesses, which are usually the first to feel price resistance, there were contrary signs. In Chicago last week, row upon row of empty seats forced Balaban & Katz to slash some prices almost 50% in its six Loop moviehouses. The Cape Cod Chamber of Commerce complained that many visitors were so intent on cutting expenses that they slept in their cars overnight...
...Doorstep. The Communists continued to slash at the arteries of China's economic life. Red General Chen Yi dashed from Shantung Province into the river valleys of neighboring Honan. Almost before Nationalists knew he was on the move, Chen's three columns converged on Honan's capital city of Kaifeng, garrisoned by a single government regiment...
...shares belonged to the late Jules S. Bache, longtime Dome Mines president. Michel, trustee of the estate, had sold the stock to pay estate taxes. He had not foreseen the dividend slash (it was forced by a rise in Canada's cost-of-living index, to which the company's wage scale is tied). Obviously, said Michel, after what had happened the decent thing was to take back the stock. That was just what he had done...
...President properly vetoed. The Senate's bitter fight over confirmation of AEC Chairman David Lilienthal had been no credit to the 80th Congress. The House had dragged its feet on foreign aid, twice had almost upset the applecart (with its vote to include Spain in ECA, its slash in ECA appropriations). No one was proud of the 15% "voluntary" rent-control bill. Action on housing and admission of D.P.s was long overdue. Congress' investigations had yielded more publicity than malefactors, had sometimes seemed to be planned that...