Word: slashings
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Last week those plans lay in shreds. Aiming to slash $2.4 billion from his government's budget as a necessary sequel to devaluation, Prime Minister Harold Wilson dispatched aides around the globe to tell his allies of new and faster military pullbacks - moves that would ring down the curtain on Britain as a major armed power of the world. Unless the plans are modified in last-minute Cabinet debate before he submits the new budget to Parliament this week, all but token numbers of Britain's military, the builder of its empire and binder of its commonwealth, will...
...SEAWAYS & AIRWAYS. Ripe for reduction is the $600 million yearly subsidy to the aged, ailing merchant marine. A presidential task force recommended a two-thirds slash over a long-term period, but so far the powerful U.S. shipbuilding lobby has blocked the plan. In the air, the $54 million subsidy to regional airlines could be brought down much further because efficient small jets have bolstered the profits of the little lines...
...begs for a criticism that "sounds as if it had been written by a reader for readers, by a human being for human beings," instead of by "a syndicate of encyclopedias for an audience of International Business Machines." He could dismiss the pedantries of his associates with a single slash. He ends an essay on Whitman: "I have said so little about Whitman's faults because they are so plain: baby critics who have barely learned to complain of the lack of ambiguity in Peter Rabbit can tell you what is wrong with Leaves of Grass...
Meeting with Illinois' Republican Senator Everett Dirksen at his Virginia home, six steel executives-whose companies had just increased domestic steel prices-persuaded the minority leader to back a bill that would slash imports of 125 kinds of foreign steel products by as much as 40%. South Carolina's Democratic Senator Ernest Rollings meanwhile got 68 Senate cosponsors for a bill that would reduce imports of textiles from 2.7 billion sq. yds. a year to 1.7 billion sq. yds. In all, the seven bills would lower imports on a range of products including beef, mutton, veal, mink skins...
President Dwight Eisenhower tried time and again to reduce and modernize the National Guard and at the same time slash the size of that other nonactive force, the Organized Reserve, which stands separate from the Guard and currently numbers 260,000. Congress balked each time, and until recently Secretary McNamara has had not much more luck with his own reserve reorganization schemes. At last, however, a program seems to be near acceptance. It would trim the Guard in relatively minor terms: from 418,500 men to 400,000. It would be aimed at using those men in fewer, more efficient...