Word: slashings
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...June a "new industrial policy" was added that abolished import quotas and removed bureaucratic red tape, and aims to slash high tariffs over the next five years. The move effectively ended an indulgent era of high tariffs and import quotas, during which duties ranged up to 105% and imports of 1,200 goods were prohibited outright. Still to be tackled is the thorny issue of foreign debt. Since Brazil stopped payments, arrears of $7 billion have accumulated, taxing the patience of creditors...
...Prozac "survivor" groups, which help people who say they have had bad experiences with the drug, have been formed in New York, Indiana, Florida, Iowa and Kentucky. And last week a woman in New York State sued Eli Lilly for $150 million, claiming that Prozac had induced her to slash her wrists...
Three Broadway theaters will impose a ceiling of $24 on tickets for plays produced under the plan. To slash costs, Alliance members will work for less money. Actors, for example, will accept a 25% reduction in minimum salaries and receive a share of any profits. The Alliance hopes the markdowns will bring back theater enthusiasts who have been forced to turn to off-Broadway houses...
...reduction into law. He quickly followed with a blow to the powerful gun lobby: in May, New Jersey enacted the stiffest law in the U.S. on owning or selling semiautomatic firearms. In March he launched his attack on the state's tax structure, unveiling his $12.4 billion tax-and- slash budget. Anticipating that the state's liberal Supreme Court would soon order that aid to school districts be equalized, Florio beat the jurists to the punch by proposing his own plan. "Everyone is a bit shell-shocked," says former Democratic assemblyman Alan Karcher. "He had made a career...
...protect the bird. And if a preservation plan advocated by biologists is put into effect, it could be one of the most sweeping environmental actions ever undertaken. Federal and state agencies say the plan, fully carried out, would set aside an additional 3 million acres of forests. That would slash by more than one-third timber production on federal lands, which accounts for nearly 40% of the region's total harvest. The possible result: mill closings and cutbacks costing 30,000 jobs over the next decade. Real estate prices would tumble, and states and counties that depend on shares...