Word: slashings
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...fact that Barbara has retired is a sort of gift to the department,” she said, adding that it has helped the small department avoid having to make any “slash-and-burn decisions...
...list presented to GM by the President's auto task force is stark and steep: shrink labor costs, including retiree health-care expenses; slash debt; kill or sell low-performing brands; and reduce the number of models for sale and the number of dealers selling them. Should GM, the United Auto Workers (UAW) and the company's bondholders fail to figure out how to execute those tasks by June 1, the government will usher GM into bankruptcy, which could lead to its breakup into "good" and "bad" subsidiaries. The bad would be sold for parts...
...Nuclear Regulatory Commission has now received applications for 26 new reactors. If all goes well, the first could come online around 2016. The first problem is, scientists believe we need to slash emissions now, in order to get back to 1990 emissions levels by 2020, and there's no way new nuclear plants can even make a dent in the problem. Even if the industry's backers got their wish of 45 new plants by 2030, that would barely replace the aging plants that are scheduled for decommissioning...
...much they can afford to give, many worry they won't have enough to attract a full freshman class. Because private undergraduate colleges draw an average of 60% of their operating costs from tuition revenue, a student shortfall could cause a painful budget crunch, forcing schools to cut programs, slash faculty salaries and potentially raise tuition for students already enrolled. With admissions letters in the mail, many colleges are as nervous as the high school seniors waiting for word. Nailing the target class size is always "like landing a 747 in your backyard," says Skidmore president Philip Glotzbach. This year...
...planned E.U. reforms are part of a wider overhaul that aims to drain the surplus production in Europe's so-called wine lake and slash some of the E.U.'s $1.8 billion annual subsidies paid to the industry. Commission officials say the new rules could help European wines compete against their New World cousins. "We're importing rosé made by blending, so it's pretty daft that we don't allow it in Europe," says Commission spokesman Michael Mann...