Word: imum
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...started by making drastic cuts in overhead expenses, reducing the staff by 18% (annual saving: $3,000,000), and offering numerous vice presidents line jobs or early retirement. Baldrige eliminated committee meetings altogeth er, cut reports down to the bare min imum and held his eight division man agers answerable for "unnecessary ac cumulation of statistics." Scovill's top management now consists of Baldrige and a lone executive vice president...
Final Victory. Although the Senate version excused loans with less than $10 interest, the House put them back in the bill, because small loans are the ones that most often soak the poor. A Republican amendment even made loan sharking a federal crime worth a max imum 25-year prison term. The House demonstrated its greatest solicitude for consumers, however, in an amendment to guard the first $30 of any paycheck from garnishment actions, in which creditors sue employers for part of a debtor's salary. Garnishments were limited to 10% of anything over $30, and employers were barred...
...that the matter of degree requirements was one for "a teacher's judgement," the committee nevertheless called attention to the difficulty, and possible injustice, of requiring otherwise able students tot have had as much as three years of Latin or four of mathematics--often considered the bare min- imum...
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