Word: slashed
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Dates: during 1980-1989
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...President's belief early in his term that he could slash taxes, restore American military might
...grows and grows. Stories about him proliferate and are often true: a jail sentence in Wormwood Scrubs as a young man, the rages in the broken-up studio, the destruction of work. One German collector gave Morley $40,000 for a painting and was nonplused to see the artist slash his canvas to ribbons before handing the check back. Such gestures establish a profile. But it is the work that matters...
...Goldman, Sachs strategist believes Congress and the Administration would have to move to slash some $50 billion from the roughly $200 billion federal deficit to reignite the market rally. His opinion: "I think people are through overlooking the deficit problem." For now, Cooperman expects the Dow Jones average to dip as low as 1050 before the current decline ends. That drop would represent a nearly 20% fall from the indicator's November peak. Says Cooperman: "That would not be unusual in the context of a bull market correction...
...freeze unilaterally to see if the Soviets go along. Askew would freeze the number of warheads and missiles and the total destructive power but permit modernization of weapons under these limits. All would hold real military spending increases to 3% or 6% a year, except McGovern, who would slash such spending by 25%, and Jackson, who would cut it by an unspecified amount. All would kill the multiwarhead MX, and all except Jackson, Cranston and McGovern push for a single-warhead, mobile missile. (The Reagan Administration argues that the MX is needed to guarantee U.S. security until a new single...
...nation." Today, however, the banks are struggling for breath along with the rest of that country's ailing economy. A bizarre financial crisis, triggered by last year's devaluation of the shekel, has shattered public confidence in Israel's lenders and forced them to slash services. With annual inflation running into three digits (190.7% in 1983), Israelis are accustomed to speculating on the government's frequent devaluations...