Word: trims
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...trim tab of the book's title is the small, hinged section on a ship's rudder that helps to steer the vessel. Willens, a real estate developer and onetime textile machinery manufacturer, contends that businessmen are America's trim tab. "Business is the most flexible and change-oriented segment of our society," he writes, and "possesses inordinate power to influence the direction of our national enterprise...
...first time since Proposition 2 1/2 the 1980 tax-cutting measure that forced cities throughout the state to trim their budgets, the Police Department is being given funds to enlarge its staff and equipment...
Many portfolio managers, meanwhile, have been concluding that stocks are overpriced in relation to investments like bonds and have begun to dispose of some holdings to trim their risk. Cooperman noted that stock mutual funds now have just 7.3% of their assets in cash, compared with 12% in August 1982. The low current figure suggests to Cooperman that the funds are almost fully invested and will now be taking money out of stocks...
...which the outcome has been determined before they have a chance to participate. Feeling disenfranchised, they might lose interest, stay home, or turn out to register protest votes that would only hurt their party's eventual nominee. An apathetic or divided party would not be in competitive trim for the race against a popular President. Walter Mondale may be riding high, but hurdles and hazards are ahead. -ByEd Magnuson. Reported by Sam Allis with Mondale, with other bureaus
...last week he annoyed the White House by saying as much in discussing forthcoming budget talks with Democrats. Said Feldstein, putting his cards on the table before the game even began: "We're going to have to have additional tax revenues; we're going to have to trim back on the size of the defense authorization." Such indiscreet talk has led to frequent speculation that Feldstein will soon return to Harvard. But Feldstein says he intends to stay. His comment: "It's nice to work with a good, friendly team...