Word: slashings
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...contestants cannot sacrifice quality to slash prices, because Japanese consumers are famous for their fussiness. When shopping for refrigerators, they feel the surface of the units to make sure that screwheads do not protrude and that the corners are round and smooth. Picky customers also slam the doors to find out how noisy they will be. Auto buyers check the upholstery for the proper stitching, open the hood to look at the welds and examine the paint job inside the trunk. Any company that does not meet the prevailing quality standards is soon in trouble...
...roughly two-thirds of Brazil's economic output, have become bloated and inefficient. In the past decade their expenditures have more than doubled, even after adjustment for inflation. Under pressure from the IMF, Brazil has agreed to cut the budgets of state-owned companies by 3% and to slash their capital spending...
...alternative to another five-party center-left coalition that may turn out to be as fragile as its predecessors and lack the cohesion to impose the economic rigor the country needs. Inflation is at 16% while unemployment, at 10%, continues an upward march. More urgent is the necessity to slash runaway public spending to reduce a threatening $60 billion 1983 budget deficit. The prospect of a series of weak coalition governments is already stirring speculation about the need for new elections in a year or two, when the Communists might do even better. Said a Western diplomat: "Once again...
...fails to override the almost certain veto by Ronald Reagan-the $6 billion will simply vanish from the budget. This would allow Republicans to boast that they had held down spending and Democrats to tell their constituents that, well, they tried. In any case, there would be no major slash in the budget deficit, which would be between $170 billion and $180 billion...
...along with its policy of overt aid to the government of El Salvador and covert help to opponents of the government in Nicaragua. In this foreign policy thicket, Democratic opposition is the most serious obstacle. Still, even the Republican-controlled Senate Foreign Relations Committee voted in March to slash in half the $60 million in military aid that Reagan wants to switch from Morocco to El Salvador. The President has also asked for an additional $50 million in military funds for the Salvadoran government. The Senate committee is requiring that the Administration encourage open-ended negotiations between the Salvadoran government...