Word: cutting
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Dates: during 1990-1990
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...Bedell Smith. Paley, the founder of CBS and a Manhattan socialite, died not a moment too soon to avoid seeing himself debunked in this best-selling biography. "Paley," says the author, "was as spoiled as a man could be." By the end of her razor- edged narrative, Smith has cut her subject down to where he would have trouble filling a 12-in. screen...
...economy, which means that when buyers are spooked, the rest of the economy shudders. In the last shopping days before Christmas, stores across the country were already thick with post- holiday sales. Some items were moving nicely: oversize freezers to keep groceries bought in bulk; wood stoves to cut down on utility bills; shoe trees, mason jars, sewing kits, to extend the life of life's necessities; and any $5 present that looked as if it cost $25. At the IKEA store in Elizabeth, N.J., shoppers could lease a Christmas tree for $20 and get $10 back if they returned...
...nationwide economic slowdown has deeply cut into revenues from state corporate and income taxes while also leading to cautious consumer spending that reduces the take from sales taxes. Meanwhile, outlays have been rising sharply for bridge and highway maintenance, prison construction and new schoolrooms for the second wave of the baby boom. The stiffest increases have been in health-care costs. Medicaid spending by states rose 18.4% in fiscal 1990 alone. Thus many of them are struggling with the prospect of big budget cuts and higher taxes, or drawing on reserves. "It's going to be batten down the hatches...
...YORK was so flush in 1987 that it decided to cut state income taxes over four years. But when the economy began to shrink, Democratic Governor Mario Cuomo did not react fast enough. Facing a $1 billion deficit, the state legislature met in special session two weeks ago to adopt a package of cuts that nibbled at school spending and hospitals. When Cuomo took off for ^ Washington three days later to deliver a speech that warned about federal budget deficits, he may have hoped his troubles were over for a while. No such luck. On the same day Republican state...
...homecoming is partly an illumination of the old saying that in the South you can get close as long as you don't get too high, and in the North, you can get high as long as you don't get too close. "Here they recognize that if I cut you, you cut me, we've got the same blood. Flesh and blood, we get along with one another," says Isaac Scott, 77, who went back to the rural town of Barnwell, S.C., after 49 years in New Haven, Conn., mostly as a construction worker. "The Southern accent sounds beautiful...