Word: slashings
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...epee squad also pulled an about face with Simmons winning his second match and John Hirschfeld turning in a brilliant performance to outduel his man. Although only Bennett was able to out-slash his opponent in the third round foil bouts, the victory was in hand...
What could possibly sound more appealing? A record-breaking income tax cut of $28 billion. An equally sharp slash in Government spending. Both aimed, as President Ford said of his proposals last week, at "getting the Government off your back and out of your pocket." Insisted Treasury Secretary William Simon: "There were no political considerations in this decision whatsoever...
Although there were forecasts that Ford would ask for a tax cut balanced by a slash in spending (TIME, Oct. 13), his tax plans were one of the best kept secrets of his Administration...
...seeks to make new arrangements for paying its creditors. Though the banks that hold most of Grant's debt set no specific deadline, they agreed to go along with the company at least for the moment. Eventually, after assessing the chain's efforts to close unprofitable stores, slash expenses and improve sales, the banks could either permit Grant to continue in operation or press for the company's liquidation...
...OPEC is expected to announce soon may add another. Last week the pessimists drew some support from an unexpected source: a major oil company. In a widely noted letter to congressmen, Mobil Chairman Rawleigh Warner Jr. said that sudden decontrol might be "a shock" to the recovery and could slash consumer buying power by as much as $8 billion-well above the Administration's estimate of $5.3 billion...