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With their brawn, he and other grinders operate hand-powered winches that raise and trim the sails, move the boom and do other tasks that require brute strength.
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While the law succeeded in insuring nearly all residents, the state had to raise taxes and trim benefits to preserve its essential contours.
The El Paso Corporation, the natural gas pipeline owner, reduced its profit forecast today, and announced plans to lay off about 300 employees in its trading unit and to sell assets and $1.5 billion in stock to raise cash and trim debt.
With Danny Wilson still needing to raise money and trim the wage bill the Blades had a relatively busy transfer deadline day, allowing Jordan Slew to join Blackburn Rovers for £1.1m, and Daniel Bogdanović to join Blackpool for an undisclosed fee, but turning down another offer from the Seasiders for Stephen Quinn.
In an election year, "he's faced with an insoluble equation: Either he raises taxes and risks unpopularity, or he doesn't raise them and trims spending, which will also translate into unpopularity".
If banks are forced to cut their lending, this would depress growth and lead to a withdrawal of liquidity from global capital markets.If, on the other hand, the government takes action to put fiscal policy on a sustainable long-term path by raising taxes and trimming spending, bond yields might rise only modestly.
But growth remains weak, private investment is slow to recover, and the government is struggling to cut its fiscal deficit.Last year, the government hit its fiscal target by raising taxes and trimming its budget.
He has said he would raise the retirement age and trim or eliminate benefits altogether for wealthier retirees.
The city will probably do a bit of everything: raise taxes, trim services and curb pension benefits.
As he tells it, only a willingness to compromise by the two principal antagonists of the time — Ronald Reagan, the Republican president, and Representative Thomas P. O'Neill, the Democratic House speaker — made it possible for Mr. Ball and a few others to salvage from the deadlocked panel a deal that raised payroll taxes and trimmed benefits enough to keep Social Security solvent.
Mr. Morsi's job is to persuade the political opposition to join him in a suite of economic reforms that would raise taxes, trim energy subsidies and pave the way for a much larger $4.8 billion loan package from the International Monetary Fund.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com