Word: slashed
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Dates: during 1980-1989
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...colossus to European, and an indifferent one at that. Reagan's strong-dollar stance has been insufferable, for a mighty dollar makes any cut in oil prices of a windfall for Common Market countries. France alone stood to have gained $3.5 billion from the recent OPEC slash, but the devaluation has dashed those hopes. European currencies fight tooth and nail against the kind of U.S. intervention to moderate the instability of the world market should bring certainty back to world currencies; the cooperative spirit of Bretton Woods, where Western nations overlooked differences to establish a world currency system, has been...
...program is an attempt to reduce surpluses, drive up depressed grain prices, cut Government costs both for price supports and for grain storage, and slash farmer production expenses. To qualify for price supports and cash subsidies, farmers were already required by the Government to take 20% of their land out of production. Under PIK, farmers must idle an additional 10% to 30% of their acreage and can bid to idle all of it. In exchange, they receive crops from Government storage and are free to sell them on the open market or use them as livestock feed. The crops will...
...million acres of forest are destroyed. In Central America, vast tracts have been converted to pasture land, largely to raise beef for the U.S. market, while natural grasslands in Venezuela and Colombia go largely unused. Still another reason for loss of forests is the in creasing incidence of slash-and-burn agriculture. As impoverished peasants lose their traditional lands to the spreading single-crop plantations, they move higher and higher up forested mountains, clearing away timber for firewood and subsistence farming. In Haiti and Jamaica, the results have been disastrous...
...poem written by Mani Said al Oteiba, Oil Minister of the United Arab Emirates, to commemorate the marathon twelve-day meeting in London of the Organization of Petroleum Exporting Countries that ended last week. The minister's lament reflected the mood of desperation that led OPEC to slash its official bench-mark price from $34 per bbl. to $29, the first cut in the group's 23-year history...
...convertible production had dropped to 50,000 a year. The ragtops were done in by efficient auto air conditioning, hardtop styling and vinyl roofs that gave cars a convertible look at much less cost, other snazzy top variations like the sunroof, and rising crime. Vandals could easily slash a soft top, break in and make off with the vehicle or any prized part thereof...