Word: smaller
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Dates: during 1990-1990
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...forces, has taken up the cause. He has drafted a challenging 15-page reform plan calling for a phased transition to a professional army while permitting the republics to set up their own corps in the interim. Defense Minister Dimitri Yazov has categorically rejected these proposals, arguing that a smaller all-volunteer army would be too expensive and too risky in a country with more then 37,000 miles of borders to defend. But Lopatin has already begun to attract followers. The young officer's feisty attacks in parliament on the generals have become so popular that a joke...
...like Hungary and Poland are burdened with billions in foreign debt, bankers from abroad are more cautious about stepping in. German and Austrian banks are expected to increase lending once East bloc economies are further along the path to free markets. But the amounts will be relatively small -- much smaller, ironically, than the billions in loans offered by the West when the East bloc was run by totalitarian regimes. Speaking in Zurich, A.W. Clausen, the former World Bank president and recently retired chairman of BankAmerica, warned against pouring money into the East: "Too much capital too fast can cause...
...prospect of leaner times ahead because of smaller Pentagon budgets was a significant factor in the cutbacks. Three of the company's four biggest military production programs -- the Air Force's F-15E Eagle fighter, the Marine Corps's AV-8B Harrier II strike fighter and the Army's AH-64 Apache helicopter -- are scheduled to be phased out in the next three years. The C-17 military transport is behind schedule, and orders for the Navy's T-45 Goshawk trainer have been cut back. The company is also teamed with other aerospace companies in several programs that face...
...stones have a strange abstract fertility, like dreams breeding. They come teeming up in geometries to make temples, cities. They also have their power in smaller sizes. They come up in the hands of children and fly through , the air, to make a nation, or at least to trouble the dream of Zion...
Amid such crosscurrents, many economists hope that the White House and Congress will make substantial progress in their talks on shrinking the budget deficit. While the proposed $50 billion reduction could dampen the economy in the short run, many experts argue that a smaller deficit would reduce the danger of rising inflation and encourage the Federal Reserve to let interest rates fall. "I would have preferred to see the deficit attacked earlier, when + the economy was stronger," says Lyle Gramley, chief economist for the Mortgage Bankers Association and a former Federal Reserve governor. "But we ought to take the risk...