Word: cuttings
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Dates: during 1980-1980
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According to Pechman, proposals to cut such programs are likely to prove politically unpalatable to Congress, which will have to revise existing legislation to bring about reductions. For years Presidents have annually proposed budget cuts to Congress, but these are just as regularly rejected after effective counteraction by special-interest groups...
Chrysler's problems, though, have been building for months. High interest rates, an initial shortage of low-cost models and the unwillingness of customers to buy cars from a company that seemed about to go out of business have cut in half projected sales of the stylish, economical K-car. Even the once popular sub-compact Dodge Omnis and Plymouth Horizons are selling poorly, and dealers now have more than a 120-day supply, twice the desired amount. As the auto industry last week prepared for its annual holiday shutdown, only three of Chrysler's six assembly plants...
...Companies that supply parts to Chrysler are being asked to delay collection of this month's bills until January and to cut prices 5% during the first 90 days of 1981. This would reduce Chrysler's operating costs in that period by $90 million...
...Chrysler itself will cut operating expenditures by reducing its white-collar payroll by another 2,200 people, to 21,800. The company will also scrap plans to enlarge its front-wheel-drive production capacity for 1984. Iacocca said that these measures alone would cut costs next year by $575 million...
...baffling. George Washington was known not only as the Father of His Country, but also as the Stepfather of His Country and the Father of Pittsburgh. At least four U.S. Presidents were known as "His Accidency" (Tyler, Fillmore, Arthur and Andrew Johnson). That name, while suggestive, is still a cut above "His Fraudulency" (Rutherford B. Hayes). Mar tin Van Buren was alternately called "Whiskey Van," because he could hold his liquor, and "The American Talleyrand" (though Talleyrand was never known as the French Van Buren). We will not discuss Wobbly Willie McKinley or Old Rough and Ready...