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Will governments be able to slash spending/raise taxes sufficiently to bring their budgets back into balance?
This year, the chain expects to be able to slash prices, offer more promotions and improve its selection.
The dramatic loss means that BP will be able to slash its tax bill by about $10bn, although most of the pain will be felt by the US treasury.
But it will be able to slash spending and raise taxes without hindrance, albeit at the cost of staggering unpopularity.To switch from Greek myth to Roman history, this might be called the Cincinnatus approach, after the Roman general who was summoned from his farm to deal with enemy attack and returned to the plough once his duty was done.
"If Pizza Hut can serve less salty pizzas to their customers in Canada and New Zealand, the company should be able to slash salt levels in the American versions of the same -- and all its other -- pizzas," said Michael F. Jacobson, the executive director of the Center for Science in the Public Interest.
Similar(55)
Low inflation has meant that central banks have been able to slash interest rates.
What is clear is that Hilead, with all its government support, has been able to slash prices.
The earnings report showed Gannett has been able to slash expenses enough to stay profitable despite steady revenue declines.
While Mr. Hands has been able to slash costs and revenue has recently picked up, EMI remains a sickly business.
The farm corporation, however, was able to slash its labour costs by cutting acreage and could cut costs further by using government subsidies to purchase machinery.
Since its acquisition of Mobil, Exxon has been able to slash $1 billion-worth of inventory from the two firms' lubricants business alone.
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