Word: cutbacks
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...troubled by rampant inflation and other economic ills. But in dustry cannot pare its production or its heavily-featherbedded payrolls because left-leaning unions forbid it, and floundering local governments do not dare object because they need union support to stay in office. The result has been a radical cutback of investment in Latin America at a time when the Kennedy Administration urges an Alliance for Progress in the two continents. Where their net investment averaged $300 million a year during the 1950s, U.S. companies last year withdrew from Latin America enough money to offset all new U.S. investment there...
Yale's offense is not limited to the belly series, however. The Elis like to try to spring their halfbacks on a pitch-out play that can develop into a wide sweep or a cutback through the hole of the defensive tackle who has been trapped. Another favorite pattern is run from the wing T formation and entails a fake into the line on the strong side and a give to the wide halfback coming back to the weak side on a trap play...
What is more, Webb declares: "I am not willing to transfer millions of dollars from other NASA programs into manned space flight." Thus, Holmes has no choice but to cut back his program. Last week the signs of that cutback were obvious in space centers across the U.S.: » In St. Louis, at McDonnell Aircraft Corp., makers of the Mercury and Gemini space capsules, strict limits have been set against overtime work. » In Maryland the Martin Marietta Corp. has laid off 225 men who were working on the Titan II booster, the rocket that will launch Gemini...
...worked well in areas where health officials have made it clear that the information will never reach the police.) Laboratories, it is proposed, should be compelled to report all positive reactions. Once bitten by overoptimism, the VD crusaders are now doubly shy of any letdown. There must be no cutback in funds, they insist, until the great pox is really conquered. Dr. Brown warned that as cases become fewer, finding them will become harder-and perhaps more costly...
...institutional buyers of securities some time ago mapped a reduction in their common stock holdings. For the past six months to a year, some insurance companies have been quietly switching money from stocks into bonds, mortgages and other hard investments. The Bank of New York has ordered a 10% cutback in the common stock holdings of each of the pension funds it manages. The pension funds managed by U.S. Trust...