Word: trimming
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...downward slide. Consequently, the Chase has been moving faster into the merchant banking field abroad. Loan standards have been tightened. The Chase has closed six of its 265 branches because they were unprofitable, and as many as 30 more might be shut down. In an effort to trim its paperwork problems, the bank has sold off its payroll processing and stock-transfer departments to smaller data-processing firms. As a result, in a move that one veteran officer describes as "not in the Chase tradition," 300 employees will be fired...
Died. Charles Ritz, 84, trim, soldierly chairman of the original Ritz Hotel on Paris' Place Vendome; in Paris. "Personal attention to the guest is everything," said Ritz, son of the hotel's founder. "I myself, to be friendly, send each guest a bottle of champagne and my card when he checks in." Fly-fishing was his avocation, and he spent much of his time angling in the streams of the world. His 1959 book A Fly Fisher's Life boasted an introduction by his friend and frequent customer Ernest Hemingway...
...such a loss in one year without Wallach saying 'Hey, fellas, what's going on here?' " In May GEICO directors ousted Chairman Norman L. Gidden, 59. New Chairman John J. Byrne, 44, has pulled GEICO out of New Jersey-a dismally unprofitable state-and pledged to trim by 20% the 2.4 million auto policies in force (there are 400,000 homeowner policies too). Byrne is also eager to get rate increases wherever possible; even before his arrival, GEICO had won a 40% increase in New York...
...Irish Phoenix (left), caged chickens provide fresh eggs for meals that are generally good, if not graciously served. Gently swaying hammocks on the Norwegian Christian Radich (below left) provide less jarring sleep for trainees than do officers' bunks, which are usually fixed; cadets on the same ship happily trim each other's hair. Members of the British schooner Sir Winston Churchill's all-women crew face the inevitable galley chores (bottom left), while men aboard the Christian Radich try to keep fit with rigorous daily calisthenics on the main deck...
...announce early this week, observers were already making preliminary assessments of the changing positions of the court. Most of them see a continuing shift toward the right. Criminal defendants particularly have received harsher treatment. In addition, the Justices' concern about the proliferation of litigation has led them to trim markedly the kinds and numbers of those who have standing to bring suits. "This has been a disastrous year for public interest lawyers," says Charles Halpern, director of the Council for Public Interest Law. "Some attorneys are considering withdrawing suits already under way rather than suffer apparent certain defeat...