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...Impatient with Stempel's slowness in carrying out plans to close 21 of GM's 120 North American plants and cut 74,000 of its 370,000 employees over three years, directors now want to eliminate a total of 120,000 jobs during the decade. A major goal: to slash GM's labor costs of nearly $2,360 per car, which is almost $800 more than Ford's and $500 more than Chrysler's. "It's going to be brutal," warns a GM director. "If the unions won't cooperate, GM will have to play real hardball...

Author: /time Magazine | Title: What Went Wrong? Everything at Once. | 11/9/1992 | See Source »

Finally a word about the Democrats' "contributions" to the Cold War. The Democrats to which the majority refers were admirable leaders like Truman and Kennedy who appreciated America's moral and strategic imperative to fight Communism. They are a far cry from the modern day liberals who wanted to slash defense spending and ignore Soviet expansionism--the kind of liberals that the majority endorsed in every presidential election since...

Author: By Brad EDWARD White -, | Title: Bush Led | 10/23/1992 | See Source »

Would President Clinton cut the deficit? He has promised to slash it by half in his first term. That's pretty optimistic given the new spending he would implement...

Author: NO WRITER ATTRIBUTED | Title: A Deficit of Ideas | 10/14/1992 | See Source »

...book? In United We Stand, Perot tells how he would raise gasoline taxes 50 cents per gal., boost the top income-tax rate from 31% to 33% and whack 10% out of spending for programs ranging from medical research to highway construction. The goal of such tough actions: to slash the federal deficit and balance the budget in five years. "What Perot has done is to put some real beef on the table," says Robert Reischauer, director of the Congressional Budget Office. "It is an important education for the American people to feel the type of sacrifice needed to bring...

Author: /time Magazine | Title: Shock Treatment | 10/12/1992 | See Source »

Wareham's lyrics are filled with the angst and confusion of his life and his relationships. In "Slide," he sings of his college days: "New England has the foliage/But I'm not coming back." On "Slash Your Tires," the message isn't any happier: "And all your fears/ It's nothing new/And all your tears/ They won't help you." Wareham laments a lot: a past girlfriend in "Time," fake politeness in "Smile," his barren hometown in "Goodbye," a lover he can't satisfy in "Anesthe...

Author: By Steven V. Mazie, | Title: Groping for Luna2 | 10/1/1992 | See Source »

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