Word: cutback
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1980
Sort By: most recent first
(reverse)
...continue working for Aramco, but only in technical and managerial roles. The kingdom's Oil Minister, Sheik Ahmed Zaki Yamani, is also reported to have told British Foreign Secretary Lord Carrington that Saudi Arabia would soon reduce oil production. Although Yamani did not specify the amount of the cutback, he has previously indicated it might be from the current 9.5 million bbl. per day to 8.5 million bbl. per day. For about a year, the Saudis have kept their petroleum output high in an attempt to hold down world energy prices. So far, their efforts have been successful; world...
...Aggravating the earlier plunge was a buying spree by businesses during the boom just prior to the recession. When the economy started to grow stagnant, firms were suddenly forced to cut back inventories, thus causing the economic avalanche. The present slide has been triggered almost exclusively by a cutback in consumer spending. Sometime in late winter Americans simply closed their wallets and snapped shut their purses. Sales of everything from autos and home appliances to airline tickets have dropped sharply...
...support the case for the heavy tax, the report cites the volatile situation in the Middle East and the potential of a severe cutback in oil supplies because of "the imminent possibility of another revolution in the area," Chandler said...
...welfare changes effectively cut the number of recipients by some 400,000, while actually increasing the benefits for those needing help the most. A mother with three children, for example, had her monthly welfare check increased from $176 to $311. Reagan now boasts of this cutback in the rolls, but he does not mention that the number had grown by 1.1 million during his first four years in office. One of his ways to get freeloaders off welfare was to require some recipients to work part time, without pay, on community improvement projects...
...proposed cutback has prompted administrators to question Radcliffe's support of "non-traditional" women's education...