Word: slashings
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...surprising as some of the personnel changes were, Gorbachev's major coup was pushing through a scheme to slash and rearrange the Central Committee bureaucracy from some 20 departments to at least six. That streamlining sent a clear message to conservatives that the party chief was determined to pick up the pace of perestroika and make bold changes at the very top. Said Gorbachev on Saturday, at a special session of the 1,500-member Supreme Soviet (parliament) called to ratify the party changes: "The people understand our difficulties but demand more decisive and energetic efforts...
Just five days before the start of the Berlin conference, more than 400 commercial banks showed that they were capable of orchestrating a significant reduction in Latin American debt. They agreed on a plan that could slash Brazil's $110 billion debt load by $18 billion within five years. Some of the loans will be exchanged for equity stakes in Brazilian businesses. The banks will suffer losses, although technically Brazil did not default on any of its loans. As the bankers view the transactions, the loans have been reduced but not forgiven...
...billion) two weeks ago, Kroger's board approved a sweeping $4.6 billion restructuring plan. Spurning the $4.4 billion Haft bid, as well as a follow-up $4.6 billion offer from Kohlberg Kravis Roberts, a New York City investment firm, Kroger's management proposed to sell off dozens of properties, slash costs and offer its stockholders cash and bonds worth up to $60 a share. Says Kroger CEO Lyle Everingham: "The company is not for sale...
Vice President George Bush, who stood by as the Reagan administration attempted again and again to slash health benefits, reacted predictably. "It's socialized medicine," said Bush, "plain and simple...
Freddy Krueger is America' s favorite homicidal maniac, and his Nightmare on Elm Street 4 is a late- summer box- office slash...