Word: slashings
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...With storehouses filled and the world market clotted, leaders of the Common Market's agriculture section are trying to persuade consumers to switch from margarine to butter. The proposed solution, which includes a tax of at least $60 a ton on the food oils used in margarine, would slash by one-third the U.S.'s $500 million annual soybean exports to the Common Market. The tax plan was shelved after the U.S. threatened retaliation-by raising tariffs on imported European cars, for example-but as long as the "butterberg" grows, the bitterness will persist...
...Secretary of Health, Education and Welfare Robert Finch, who stopped off in Atlanta for nearly an hour en route to Key Biscayne for a conference on domestic ills with the President. But little comfort for King's followers emerged from the meeting. With inflation and the need to slash government spending overshadowing other problems in Nixon's mind, the prospect of any marked advances in the fight against poverty by the second anniversary of King's death is bitterly remote...
...missile system, which has widespread opposition, by reporting that the Soviet Union has made considerable advances in offensive weaponry. Then he disclosed that the new defense budget could be cut by no more than $500,000,000-after President Nixon had earlier held out hope of a $2.5 billion slash from the Johnson Administration's $81.5 billion estimate...
Detroit's answer to the problem seems to be to reduce the warranty periods. The basic two-year, 24,000-mile warranty that applied to 1968 models has been cut to one year and 12,000 miles for the 1969s. That slash saves the industry, by FTC estimate, some $40 per car, or more than $300 million...
...military-backed regime of General Humberto Castello Branco was obviously necessary. When War Minister Arthur Costa e Silva was elected President by Congress in 1966, Brazilians listened to his promise to "humanize" the bureaucracy, promote a "Year of Education" and declare war on inflation. He did manage to slash the annual rate of inflation from 40% to 25%. The nation's gross national product edged up by 5%. Brazil's trade in coffee, cotton and other agricultural products came into balance...