Word: slashes
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Dates: during 1980-1989
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...critics cite the 1978 deregulation of airline competition as the villain in this erosion of confidence in the system. While deregulation has reduced fares and opened air travel to enormous numbers of new passengers, the era of do-or-die rate-cutting competition has pressured carriers to slash costs and take risks. No one claims that safety rules have been relaxed. Indeed, the vast majority of controllers, pilots and federal inspectors are working hard and competently to avoid accidents. But, says Jerome Lederer, founder of the private Flight Safety Foundation, "from now on the problem will be to discern...
...many ways Reagan's 1988 budget seems like a wishful blueprint for a miracle. The President proposes to slash the deficit to $108 billion, the 1988 target prescribed by the Gramm-Rudman law, without a tax increase and while still boosting defense spending by 3%, after adjustment for inflation. The deficit reduction would come entirely through further cuts in social and other nondefense spending, along with short-term expedients like sales of Government assets. But private economists are almost universally doubtful that the formula can work. Charles Schultze, a Brookings Institution scholar who was President Carter's chief economic adviser...
...good to be true. It wasn't. What the Administration is really doing--as a comprehensive New York Times article made clear--is trying to slash federal aid to students...
BODEANS: LOVE & HOPE & SEX & DREAMS (Slash). Down-home rock, fresh from the Midwest -- and from the heart...
...news just keeps coming. A leading shipbuilder announces that nearly 40% of its workers will be laid off, and those who keep their jobs will have to take 10% salary cuts and a 50% slash in their usual year-end bonuses. Thousands of steelworkers are idle, as mammoth steel furnaces stand silent. Coal mines are closing, and even some automobile assembly lines are shut down...