Word: slashed
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Dates: during 1980-1989
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Hardest hit by the cancellations is Jerusalem, where stores, hotels and restaurants are desperate for some well-heeled visitors. Along the Cardo, a rebuilt Roman boulevard in the Old City, ten of the 18 shops have closed; others have had to slash prices to attract customers. "My sales are off 80% because I sell mainly to Americans," says Eli Heller, manager of a leather- apparel store. Grumbles Ruth Elkayam, a cashier at Tayelet restaurant: "It doesn't pay to open up in the morning. Our business is off by 90%, and instead of 40 workers we have...
...Massachusetts House and Senate have proposed a 17 percent reduction in the MCAD's budget--the legislation would slash MCAD's funding from $1.9 million to $1.58 million for fiscal 1989. The pending reduction comes at a time when the number of cases before the MCAD has increased and federal funds for the state judicial board have dwindled...
...actuary of the Social Security Administration from 1947 to 1970, is to cut the payroll tax so that the trust fund has no more than a six- to twelve-month cushion. The only problem with that solution: it virtually guarantees that sometime in the future, lawmakers will have to slash retirement benefits or raise taxes sharply...
Most critics agree with Gordon Adams, director of the Washington-based Defense Budget Project, that these weapons probably can be bought "only at the price of a drastic cut in the size of the U.S. armed forces or a debilitating slash in spending for readiness" (training, ammunition, spare parts). The whole contretemps raises a harrowing but unavoidable question: Can the U.S. afford to pay for the defense it needs -- and just how much does it need anyway? In his best-selling book, The Rise and Fall of the Great Powers, Historian Paul Kennedy points out that such dominant nations...
...billion in military funding. Negotiators for the White House and Congress agreed to reduce that to just under $300 billion -- with no guidelines on what to chop. The new Secretary of Defense had a mere five weeks before formal presentation of the amended budget to find $33 billion to slash...