Word: stretch-out
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...surprisingly, any increased productivity gleaned from the sweat of a layoff-decimated work force results in plenty of grousing. Manufacturing workers call ghost work "speed-up" (because the remaining employees have to hustle harder) or "stretch-out" (because of the longer hours). "They call it productivity," says Lane Windham, an AFL-CIO spokesman, referring to management...
...upshot: many critics fear that, for all Carlucci's vows, the necessary cutbacks will once more be accomplished largely by the tried-and-untrue methods of stretch-out and reductions in readiness. Says Lawrence Korb, a former Assistant Secretary of Defense: "Already the Air Force and Navy are flying less and steaming fewer training hours than necessary, and already there are cutbacks in necessary operations and maintenance...
Wright countered with a plan calling for a stretch-out, from five to six years, of most military procurement programs. That, said Wright, would save $100 billion in one grand sweep. He dismissed the White House proposals as a "shopping list of little things that is a waste of time." Wright's stretch-out plan was a politically sly move because it was originally put forward in 1982 by a leading Republican, former President Gerald Ford...
...main problem with a stretch-out of Brazilian loans is that it would be followed by pleas from other debt-laden countries, including Mexico, Poland, Argentina, Chile and Nigeria, for similar concessions. Brazil's difficulties are only part of a much larger global pattern, and the major creditor and debtor nations have yet to come up with a coherent long-range plan to ease the debt burden that is crippling the world economy. So far, temporary IMF bailouts on a case-by-case basis have only kept the international financial system lurching from crisis to crisis...
...decline, though the sharpest cuts will be on off-peak, midweek and overnight flights. On the thesis that you get what you pay for, the airlines probably will adopt three classes of service. There will be first class for expense-account executives and wealthy tourists, in some cases with stretch-out beds like Japan Air Lines has begun to offer for a $120 surcharge on its San Francisco-Tokyo flight. There will be second class, with hot meals and some elbow room. And there will be tightly packed sardine class?cold meals, close seating, cheap fares...