reduce.01
frames-  [ARG0  Mr. Stronach]  will direct an effort * to [rel  reduce]  [ARG1  overhead]  and curb capital spending `` until a more satisfactory level of profit is achieved and maintained *-1 , '' Magna said 0 *T*-2 .
-  Second , [ARG0  they]  channel monthly mortgage payments into semiannual payments , *-1 [rel  reducing]  [ARG1  the administrative burden on investors]  .
-  [ARG0  The company]  recently said 0 it would sell some operations and lay off 4 % of its work force , [ARGM-MNR  altogether]  *-1 [rel  reducing]  [ARG1  employment]  to [ARG4-to  less than 16,000]  from [ARG3-from  about 18,000]  .
-  The [rel  reduced]  [ARG1  dividend]  is payable Jan. 2 to stock of record Dec. 15 .
-  He also said that [ARG0  the group]  [rel  reduced]  [ARG1  its offer]  [ARGM-CAU  because it was n't allowed *-1 to see Georgia Gulf 's confidential financial information without *-2 agreeing that it would n't make an offer unless it had Georgia Gulf 's consent]  .
-  The ailing company , which *T*-236 has reported net losses for 16 consecutive quarters , said 0 [ARG0  it]  wo n't manufacture network computer systems any more and [ARGM-MOD  will]  [ARG2-MNR  greatly]  [rel  reduce]  [ARG1  its costly direct sales force]  .
-  Commodity prices have been rising in recent years , with the farm price index hitting record peaks earlier this year , as [ARG0  the government]  curtailed production with land-idling programs *-1 to [rel  reduce]  [ARG1  price-depressing surpluses]  .
-  [ARGM-ADV  As more managers pursue the index-arbitrage strategy]  , [ARG1  these small opportunities between markets]  [ARGM-MOD  will]  be [rel  reduced]  *-1 and , eventually , eliminated *-1 .
-  All arguments against program trading , even those pressed * without fact , conclude with three expected results after `` reforms '' are implemented *-1 : 1 -RRB- [rel  reduced]  [ARG1  volatility]  , 2 -RRB- a long-term investment focus , and 3 -RRB- a level playing field for the small investor .
-  [ARG0  *]  [rel  Reducing]  [ARG1  volatility]  .
-  If [ARG0  * slowing things down]  [ARGM-MOD  could]  [rel  reduce]  [ARG1  volatility]  , stone tablets should become the trade ticket of the future .
-  Some Democrats in Congress are warning that a complicated new funding device for the two federal antitrust agencies could result in further cutbacks in [ARG1  a regulatory area]  [ARGM-TMP  already]  [rel  reduced]  [ARG2-MNR  sharply]  [ARGM-TMP  in recent years]  .
-  But Rep. Don Edwards -LRB- D. , Calif . -RRB- responded that [ARG0  a recession]  could stifle merger activity , *-1 [rel  reducing]  [ARG1  the amount of fees collected *]  .
-  As a part of overall efforts [ARG0  *]  to [rel  reduce]  [ARG1  spending]  , Congress cut by $ 30 million *U* the Bush administration 's request for antitrust enforcement for fiscal 1990 , which *T*-81 began Oct. 1 .
-  Moreover , [ARG0  we]  've probably been the most aggressive firm on the Street in * [rel  reducing]  [ARG1  costs , which *T*-1 are down around 40 % over the last six months]  .
-  But Moody 's warned that Shearson 's commercial paper rating could be lowered *-1 soon , [ARG0  a move]  that *T*-2 [ARGM-MOD  would]  [rel  reduce]  [ARG1  Shearson 's profit margins on its borrowings]  and signal trouble ahead for other firms .
-  `` Public policy favors the development and marketing of beneficial new drugs , even though some risks , perhaps serious ones , might accompany their introduction because [ARG0  drugs]  [ARGM-MOD  can]  save lives and [rel  reduce]  [ARG1  pain and suffering]  , '' the unanimous court said *T*-1 .
-  Travelers Corp. 's third-quarter net income rose 11 % , even though [ARG0  claims stemming from Hurricane Hugo]  [rel  reduced]  [ARG1  results]  [ARG2-EXT  $ 40 million *U*]  .
-  [ARG0  Reliance]  acquired a 7 % UAL stake early this year at an average cost of $ 110 *U* a share , and [rel  reduced]  [ARG1  its stake]  to [ARG4-to  4.7 %]  [ARGM-TMP  after UAL accepted the bid at prices higher than $ 282 *U* a share]  .
-  The parent of Younkers , after *-1 failing * to find a buyer for the chain of Midwestern department stores , said 0 [ARG0  it]  will sell a stake in the chain to management and take other steps *-2 to [rel  reduce]  [ARG1  its investment in retailing]  .
-  He said 0 [ARG0  Equitable]  hopes *-1 to [ARGM-ADV  eventually]  [rel  reduce]  [ARG1  its stake in Younkers]  to [ARG4-to  less than 50 %]  .
-  But it said that [ARG0  severance payments to those executives not staying with the company]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  First of America 's operating results for 1989]  by [ARG2-by  $ 3 million *U*]  to [ARG4-to  $ 4 million *U* , or 15 cents to 20 cents a share]  .
-  That 's almost $ 10 *U* of equity for each Columbia share , including convertible preferred shares , though [ARG0  more junk markdowns]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  the cushion]  .
-  In a few weeks , many barges probably wo n't be able *-2 to operate fully loaded south of St. Louis because [ARG0  the U.S. Army Corps of Engineers]  is beginning *-3 to [rel  reduce]  [ARG1  the flow of the Missouri River , which *T*-1 feeds into the Mississippi River]  .
-  Because [ARG0  the drought]  [rel  reduced]  [ARG1  U.S. stockpiles]  , they have more than enough storage space for their new crop , and that permits them to wait for prices to rise .
-  [ARG0  Proceeds of that sale]  are *-1 to be used *-2 * to [rel  reduce]  [ARG1  debt]  and buy back shares .
-  The company noted that [ARG0  it]  has [rel  reduced]  [ARG1  debt]  by [ARG2-by  $ 1.6 billion *U*]  [ARGM-TMP  since the end of 1988]  and bought back about 15.5 million shares of common stock since the fourth quarter of 1987 .
-  *-1 Testifying before a House subcommittee , Mr. Mulford said that if [ARG0  the Treasury]  had n't intervened in foreign-exchange markets in September and early October *-2 to [rel  reduce]  [ARG1  the dollar 's value]  , the plunge in the stock market might have provoked a steep fall in the currency that *T*-97 might have `` unhinged financial markets . ''
-  Analysts expect [ARG0  Armstrong]  to use proceeds of the sale *-1 to [rel  reduce]  [ARG1  debt]  , buy back stock or perhaps finance an acquisition .
-  The Commerce Department said that [ARGM-CAU  as a result of a new adjustment to the formula used * * to calculate the index]  , [ARG1  the influence of this component]  has been [rel  reduced]  *-95 .
-  David Mullins , assistant secretary of the Treasury , said that the working capital is necessary [ARG0  *]  to [rel  reduce]  [ARG1  the final costs of the bailout]  , [ARGM-MNR  by *-1 allowing the agency to sell savings and loans without their bad assets]  , then hold the assets [ARGM-TMP  until they can be sold *-108 under favorable conditions]  .
-  [ARGM-DIS  In addition]  , [ARG0  further packaging of mortgage-backed securities , such as Blackstone 's fund ,]  have [rel  reduced]  [ARG1  the effects of prepayment risk]  and automatically reinvest monthly payments so institutions do n't have *-1 to *?* .
-  These critics are backed *-172 by several academic studies showing that [ARG0  the adoption of poison pills]  [rel  reduces]  [ARG1  shareholder values]  [ARGM-TMP  not merely in the short run , but also over longer periods]  .
-  According to veteran watchers of Unificationist affairs , such as Dr. J. Gordon Melton , director of the Institute for the Study of American Religion , [ARG1  almost all operations]  are being [ARG2-MNR  drastically]  [rel  reduced]  *-1 [ARGM-TMP  as Mr. Moon now concentrates more on *-2 developing his empire in the Far East]  .
-  The bill would require the agency to block the acquisition of 15 % or more *U* of an airline 's stock if [ARG0  the purchase]  threatened safety , [rel  reduced]  [ARG1  the carrier 's ability * to compete]  , or put the airline under foreign control .
-  Sea Containers added that [ARG0  the recapitalization plan]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  its debt]  by [ARG2-by  more than $ 500 million *U*]  .
-  `` * To slow the rise in total spending , it *ICH*-1 will be necessary [ARG0  *]  to [rel  reduce]  [ARG1  per-capita use of services]  , '' the NAM warns *T*-2 in a policy statement .
-  During the third quarter , [ARG0  the company]  charged about $ 46 million *U* against earnings in * [rel  reducing]  [ARG1  goodwill]  , added $ 20 million *U* to its general loan loss reserves and established a $ 30 million *U* reserve for its high-yield bond portfolio .
-  The company said 0 [ARG1  its junk-bond portfolio]  [ARGM-TMP  after these moves]  had been [rel  reduced]  *-1 to [ARG4-to  less than 1 % of assets]  .
-  [ARG1  Senior members of the House Budget Committee]  are [rel  reduced]  *-1 [ARGM-ADV  in frustration]  to [ARG4-to  * raising doomed parliamentary obstacles to individual bills]  , yet admit that much of the disorder now stems from the fiscal legerdemain associated * with their own summit agreement with the White House this past spring .
-  And while [ARG0  customers such as steel service centers]  are continuing *-1 to [rel  reduce]  [ARG1  inventories]  through the fourth quarter , they eventually will begin stocking up again , he notes 0 *T*-2 .
-  Richard D. Lewis , president of the 47-store chain , defended the company 's pricing campaign , *-1 saying 0 it did n't use `` the misleading expression ` [rel  reduced]  from [ARG3-from  original prices]  . ' ''
-  Mr. Lewis said 0 [ARG0  the company]  marked price tags and advertised at its `` lowest possible prices '' for all its merchandise *-1 to [rel  reduce]  [ARG1  public confusion]  .
-  It currently costs $ 750 *U* , though Mr. Sinyard thinks 0 [ARG1  the price]  [ARGM-MOD  can]  be [rel  reduced]  *-1 [ARGM-TMP  within three years]  to [ARG4-to  between $ 200 and $ 250 *U*]  .
-  Mr. Simonds-Gooding said 0 the additional financing may leave British Satellite owned *-1 by about 20 investors , including Australian entrepreneur Alan Bond , [ARG1  whose nearly 36 % stake]  *T*-201 [ARGM-MOD  would]  be [rel  reduced]  *-2 to [ARG4-to  as little as 20 %]  .
-  Officials also disclosed 0 it *EXP*-1 's possible that [ARG0  NEC]  [ARGM-MOD  may]  [rel  reduce]  [ARG1  domestic production of one-megabit chips]  to [ARG4-DIR  five million a month]  from [ARG3-from  six million]  , [ARGM-ADV  * beginning January]  , because of deteriorating market prices .
-  Economists , businessmen and some politicians agree that the answer is an orthodox economic austerity program including [rel  reduced]  [ARG1  state]  spending ; * focusing spending on vital areas such as education , health and welfare ; * turning state companies private ; * reforming the tax system , * raising public service rates * to match costs ; and possibly a temporary wage and price freeze and a devaluation of the cruzado .
-  [ARG0  Proceeds from the planned sale of the 250,000-square-foot building]  `` will help *-2 [rel  reduce]  [ARG1  the debt incurred * as a result of our July 1988 recapitalization]  , '' said *T*-1 a USG official .
-  [ARG0  * Narrowing the penalty in this fashion]  [ARGM-MOD  would]  [ARGM-MNR  clearly]  [rel  reduce]  [ARG1  whatever deterrent effect it now has *T*-1]  .
-  Within the alliance it is supposed *-3 to act as a balancing force , *-3 guarding against excessive control by government or abuse of its economic position by business , for either could result in a deterioration of its living standards -LRB- under the new resolutions , workers councils may demand that a cooperative be closed *-1 or [ARG1  its prices]  be [rel  reduced]  *-2 -RRB- .
-  Mazda and Ford said 0 a combination of limited crankcase ventilation and improper maintenance could cause engine oil in some of the Mercury Tracers and Mazda 323s to deteriorate more rapidly than normal , * causing increased engine noise or [rel  reduced]  [ARG1  engine]  life .
-  [ARG0  He]  should do more *-1 to [rel  reduce]  [ARG1  tax rates on wealth and income]  , in recognition of the fact that those cuts yield higher , not lower , revenues .
-  U.S. and Soviet negotiators opened talks in New York aimed * at * resolving differences in proposals [ARG0  *]  to [rel  reduce]  [ARG1  chemical-weapons arsenals]  .
-  Nixdorf Computer AG , *-2 citing continued profitability problems , said 0 [ARG0  it]  will have *-1 to [rel  reduce]  [ARG1  personnel]  [ARG2-MNR  further]  , [ARGM-LOC  notably in research and development sectors]  .
-  The troubled West German computer company said , in a statement to its employees , that [ARG1  the number of persons working in product development]  [ARGM-MOD  will]  be [rel  reduced]  *-1 [ARGM-LOC  world-wide]  to [ARG4-to  2,440]  from [ARG3-from  2,888]  [ARGM-TMP  by the end of 1990]  .
-  Bio-Technology , a New York maker of genetically engineered products for human and animal health care , said 0 [ARG0  it]  made the exchange offer *-1 to [rel  reduce]  [ARG1  its interest payments]  .
-  That acquisition , which *T*-1 also included the assumption of $ 135 million *U* in debt , was designed *-2 *-3 to allow [ARG0  Georgia-Pacific]  to capitalize on the strong demand for softwood pulp , as well as [rel  reduce]  [ARG1  its exposure to the housing market]  .
-  General Mills Inc. , the food giant , launched a breakfast cereal called * Benefit , containing psyllium , oat , wheat and beet bran ; the words , `` [ARG0  *]  [rel  reduce]  [ARG1  cholesterol]  '' were prominently displayed *-1 on its package .
-  That is because Sidhpur has a near-monopoly on the world 's supply of flea seed , also known * as flea wort or , in Western parlance , psyllium : [ARG0  a tiny , tasteless , obscure seed]  that , [ARGM-ADV  according to early research]  , *T*-1 [ARGM-MOD  may]  [rel  reduce]  [ARG1  cholesterol levels in the blood]  .
-  The company said 0 [ARG0  it]  amended its shareholder rights plan by *-2 [rel  reducing]  to [ARG4-to  10 %]  from [ARG3-from  20 %]  [ARG1  the level of ownership by an outsider that *T*-1 would trigger the issuance to other holders of rights * to buy additional shares of Nashua common at half price]  .
-  [ARG0  *-1]  To [rel  reduce]  [ARG1  the danger of such pricing cycles]  , Akzo has invested heavily in specialty chemicals , which *T*-2 have highly specific industrial uses and tend *-3 to produce much higher profit margins than do *?* bulk chemicals .
-  This can not be solved *-1 by * provoking a further downturn ; [ARG0  *]  [rel  reducing]  [ARG1  the supply of goods]  does not solve inflation .
-  [ARG0  Catastrophe losses]  [rel  reduced]  [ARG1  Aetna 's net income]  by [ARG2-by  $ 50 million *U* , including $ 36 million *U* from Hugo]  .
-  The team even created a points system 0 *T*-2 to identify [ARG0  those couriers and subgroups]  that *T*-1 were doing the most 0 *T*-4 to [rel  reduce]  [ARG1  package-sort cycle time]  .
-  `` Monitoring shows that [ARG0  the Natick team 's new system]  [ARGM-ADV  really]  does [rel  reduce]  [ARG1  cycle time for the morning package sort]  , '' reports *T*-1 James Barksdale , chief operating officer at Federal Express .
-  [ARG0  A cross-functional team at Union Carbide 's Tonawanda , N.Y. , facility , which *T*-1 produces air-separation plants ,]  followed a similar path *-2 to [rel  reduce]  [ARG1  manufacturing cycle time]  .
-  [ARGM-LOC  At Grumman 's Aircraft Systems Division]  , [ARG0  a cross-functional team]  [rel  reduced]  [ARG1  the cycle time required * * to produce a new business proposal for an important government contract]  .
-  [ARG0  They]  effectively lead team efforts * to [rel  reduce]  [ARG1  cycle time]  .
-  The study also says that advent of new communications technologies makes `` an explicit congressional definition of the legal status of home copying more desirable in order [ARG0  *]  to [rel  reduce]  [ARG1  legal and market uncertainties]  and * to prevent de facto changes to copyright law through technology , '' and says that * finding an `` appropriate balance of harms and benefits is a political decision , not a technical one .
-  [ARG0  All of the changes]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  its overhead]  and streamline operations , Boeing said 0 *T*-1 .
-  In addition , Unisys said 0 [ARG0  it]  [rel  reduced]  [ARG1  computer inventories]  [ARG2-EXT  a further $ 100 million *U*]  [ARGM-TMP  during the quarter]  , [ARGM-ADV  * leaving it within $ 100 million *U* of its goal of a reduction of $ 500 million *U* by the end of the year]  .
-  [ARG0  Thermo Electron]  acquired some 6 % of Milton Roy 's common stock before *-1 throwing in the towel and [rel  reducing]  [ARG1  its stake]  [ARGM-TMP  in early September]  .
-  `` [ARG0  We]  'd like *-2 to continue *-3 to [rel  reduce]  [ARG1  debt]  , '' President Lawrence Perlman said *T*-1 .
-  And *-2 to protect their [rel  reduced]  [ARG1  capital]  investment from *-4 eroding further , market makers became quicker *-2 to lower price quotes when sell programs are in progress *T*-3 .
-  U.S. and Soviet officials are *-1 to open a new round of talks today *-4 aimed *-2 at [ARG0  *]  [rel  reducing]  [ARG1  chemical-weapons arsenals]  [ARGM-LOC  amid superpower differences over whether * to stop *-3 making the gases]  .
-  But the researchers found that while children 's household tasks eased the mother 's burden appreciably , [ARG0  the husband 's helping hand]  `` appears *-1 to lighten the children 's load almost on a one-for-one basis and to [rel  reduce]  [ARG1  the wife 's responsibility]  [ARGM-MNR  only modestly]  . ''
-  Under the proposed settlement , customers with valid claims -- 0 *T*-2 to be submitted *-1 by Dec. 15 -- will receive `` valuable bank services , '' such as credit cards with [rel  reduced]  [ARG1  finance]  charges , for two years .
-  Signs of growing weakness in the economy , paired * with indications that inflation is staying well under control , have caused them to wonder why [ARG0  the Fed chairman]  is so grudging in *-2 [rel  reducing]  [ARG1  rates]  *T*-1 .
-  Moreover , if the Fed holds tight , [ARG0  it]  may be able *-2 [ARGM-MNR  gradually]  to [rel  reduce]  [ARG1  inflation]  , [ARGM-ADV  *-3 moving toward the zero-inflation goal that the Fed chairman embraced *T*-1 in testimony to Congress last week]  .
-  But Mr. Tonkin said 0 [ARG0  dealers]  should slash stocks to between 15 and 30 days *-1 to [rel  reduce]  [ARG1  the costs of *-2 financing inventory]  .
-  American Pioneer , parent of American Pioneer Savings Bank , said 0 [ARG0  the sale]  [ARGM-MOD  will]  add capital and [rel  reduce]  [ARG1  the level of investments in subsidiaries]  [ARGM-ADV  for the thrift holding company]  .
-  [ARG0  Bond Corp. , a brewing , property , media and resources company ,]  is selling many of its assets *-1 to [rel  reduce]  [ARG1  its debts]  .
-  Proceeds will be used *-1 [ARG0  *-2]  to [rel  reduce]  [ARG1  short-term debt at the beer and food concern]  , said Robert Vaux , vice president , finance .
-  Leaseway Transportation Corp. said 0 [ARG0  it]  will restructure $ 192.5 million *U* of certain subordinated debentures *-1 to [rel  reduce]  [ARG1  its debt obligations and interest expense]  .
-  The spokeswoman confirmed that [ARG0  the bank]  has [ARG2-MNR  significantly]  [rel  reduced]  [ARG1  its muni holdings]  , but could n't immediately confirm the amount .
-  [ARG0  Both the House and Senate bills]  0 *T*-1 to [rel  reduce]  [ARG1  the cost and coverage of the catastrophic-care plan]  would eliminate the cap on doctor 's bills .
-  Management advised employees Friday that [ARG0  it]  was going *-1 to [rel  reduce]  [ARG1  employment]  [ARGM-LOC  in production operations of the group]  by [ARG2-by  8 % , or 400 people]  .
-  [ARGM-DIS  For instance]  , [ARG1  employment in Denver]  [ARGM-MOD  will]  be [rel  reduced]  *-1 to [ARG4-to  105]  from [ARG3-from  430]  .
-  In particular , advisers say 0 *T*-2 , investors may want *-3 to look at [ARG0  securities]  that *T*-1 [rel  reduce]  [ARG1  the risk that CD holders are confronting *T*-5 right now , of * having *-4 to reinvest the proceeds of maturing short-term certificates at lower rates]  .
-  SharesBase Corp. said 0 [ARG0  it]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  its 221-person work force]  by [ARG2-by  about 25 %]  , [ARGM-TMP  effective tomorrow]  , [ARGM-PNC  in an effort * to stem continuing losses]  .
-  This scenario has been the rough position of the U.S. Senate since 1985 , and [ARG0  it]  [rel  reduces]  [ARG1  the baseline]  by [ARG2-by  $ 106 billion *U*]  [ARGM-TMP  between 1990 and 1994]  .
-  [ARG0  This]  [rel  reduces]  [ARG1  the baseline]  by [ARG2-by  $ 229 billion *U*]  .
-  [ARG0  It]  [rel  reduces]  [ARG1  the baseline]  by [ARG2-by  $ 169 billion *U*]  .
-  [ARGM-TMP  Finally]  , [ARG0  Scenario 4]  [rel  reduces]  [ARG1  the budget]  by [ARG2-by  2 % per year *ICH*-1]  [ARGM-TMP  for the next five years]  -- [ARGM-ADV  a total reduction of $ 287 billion *U*]  .
-  He was succeeded *-1 by John Major , who *T*-2 Friday expressed a desire for a firm pound and supported [ARG0  the relatively high British interest rates]  that he said `` *T*-3 are working exactly as intended '' in *-4 [rel  reducing]  [ARG1  inflation]  .
-  Oil ministers now hope *-3 to solve the issue for good through [ARG0  an Iranian proposal]  that *T*-1 gives a larger share of output to countries with surplus capacity and [rel  reduces]  [ARG1  the shares of those that *T*-2 ca n't produce more anyway]  .
-  [ARG0  Bond Corp. , a brewing , property , media and resources concern controlled * by financier Alan Bond ,]  is selling many of its assets *-1 to [rel  reduce]  [ARG1  an A$ 6.9 billion *U* debt]  .
-  Moreover , [ARG0  your hypothetical investor]  has forsaken the gains 0 *T*-2 to be had *-1 in * [rel  reducing]  [ARG1  risk]  [ARGM-MNR  by * diversifying his portfolio]  .
-  You lead readers to believe that [ARG0  the House]  [rel  reduced]  [ARG1  the capital-gains tax]  [ARGM-TMP  for two years only]  .
-  Defenders say 0 futures make markets more efficient and provide [ARGM-MNR  ways]  0 for [ARG0  investors]  to [rel  reduce]  [ARG1  risks]  *T*-1 .
-  The Knight Foundation , of Akron , Ohio , has established a national commission 0 *T*-1 to look into college-sports reform , and the NCAA Presidents Commission earlier this month recommended [ARG0  *]  cutting spring football practice in half , moving the start of basketball practice back by a month and [rel  reducing]  [ARG1  maximum schedules in that sport]  to [ARG4-to  25 games]  from [ARG3-from  28]  .
-  [ARG0  Such moves]  [ARGM-MOD  would]  [ARG2-MNR  greatly]  [rel  reduce]  [ARG1  the power of government ministries , who now *T*-1 jealously guard their turf and are seen *-2 as one of the major obstacles blocking economic reform]  .
-  [ARG1  The maximum allowable property holdings for insurance companies]  [ARGM-MOD  would]  be [rel  reduced]  *-1 to [ARG4-to  10 % of their total asset value]  , [ARGM-ADV  down from 15 % currently]  .
-  [ARG0  Doubts about the quality of state credit guarantees]  [ARGM-MOD  could]  [rel  reduce]  [ARG1  the competitive strength of Finnish companies in world markets where financing often is the key to * winning orders *T*-1]  , analysts warn 0 *T*-2 .
-  [ARG0  That]  , [ARGM-DIS  in turn]  , [ARGM-MOD  could]  [ARG2-MNR  substantially]  [rel  reduce]  [ARG1  the value of the television assets]  .
-  [ARG0  More carefully targeted intervention]  [ARGM-MOD  might]  [ARGM-ADV  actually]  [rel  reduce]  [ARG1  the need for government action]  .
-  He noted that [ARG1  some minimum margin requirements]  have been [rel  reduced]  *-1 to [ARG4-to  levels below those before the 1987 crash]  .
-  [ARG0  Proceeds of the offering]  will be used *-1 *-2 to redeem C$ 264 million *U* of preferred shares and *-2 to [rel  reduce]  [ARG1  short-term debt]  , the company said 0 *T*-3 .
-  [ARG0  Telos]  responded by *-1 combining three of its five divisions *-2 to [rel  reduce]  [ARG1  expenses]  and `` bring more focus to potentially fewer bidding opportunities , '' says *T*-3 Lin Conger , Telos chairman and controlling shareholder .
-  Bostik is the first Emhart Corp. unit 0 *T*-1 to be sold *-2 as part of [ARG0  the power-tool manufacturer 's]  effort * to [rel  reduce]  [ARG1  debt]  and consolidate operations [ARGM-TMP  after it acquired Emhart earlier this year]  .
-  Company officials have said 0 [ARG0  they]  plan *-1 to [rel  reduce]  [ARG1  that ratio]  to [ARG4-to  less than 50 %]  [ARGM-TMP  over the next 2 1\/2 years]  .
-  [ARG0  The gross proceeds from the sale of the notes , which *T*-1 will be due on Nov. 1 , 2004 ,]  will be used *-2 * to [rel  reduce]  [ARG1  existing debt]  and for general corporate purposes , the company said 0 *T*-3 .
-  `` [ARGM-MNR  The only way]  0 [ARG0  *]  to [rel  reduce]  [ARG1  the costs]  *T*-2 is * to say 0 we do n't want *-1 to pay the bill , '' said *T*-4 Rep. Neal Smith -LRB- D. , Iowa -RRB- , who *T*-3 taunted President Bush 's party to back up his campaign promise of * supporting the claims of $ 20,000 *U* per individual .
-  [ARG0  The Packwood proposal]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  the tax]  [ARGM-ADV  depending on how long an asset was held *-1 *T*-2]  .
-  [ARGM-DIS  But]  [ARGM-TMP  in 1986]  [ARG0  Congress]  [ARG2-MNR  sharply]  [rel  reduced]  [ARG1  the number of people who *T*-1 could qualify for its benefits]  and IRA tax-deductions slowed their roaring growth .
-  In April , Hoechst , the largest producer of CFCs in West Germany , said 0 [ARG0  it]  wanted *-1 to [rel  reduce]  [ARG1  production of the product]  by [ARG2-by  50 %]  [ARGM-TMP  by 1993]  .
-  Some of America 's biggest trading partners gave a quick thumbs-down to a U.S. proposal [ARG0  *]  to liberalize world trade and [rel  reduce]  [ARG1  farm-product subsidies]  .
-  Should the green light 0 Judges Alarcon and Hall have given *T*-1 to the fabrication of quotations become standard practice , [ARG0  it]  [ARGM-MOD  will]  [ARGM-MNR  notably]  [rel  reduce]  [ARG1  the value of journalism for historians -- and for citizens]  .
-  Profit at the unit fell to $ 110.6 million *U* , or 37 cents a share , from $ 142.4 million *U* , or 45 cents a share , largely because of a $ 24 million *U* one-time charge associated * with [ARG0  Hughes 's]  previously announced plan * to [rel  reduce]  [ARG1  employment]  by [ARG2-by  at least 6,000 people]  [ARGM-TMP  by year end]  .
-  [ARG0  Most of the plans]  have [rel  reduced]  [ARG1  bids]  [ARGM-PNC  in case the plant fails *-1 to get a license from the Nuclear Regulatory Commission]  .
-  Federal Reserve Chairman Alan Greenspan told Congress that the Fed can wipe out inflation without *-1 causing a recession , but he said * doing so will inflict some short-term pain and will require [ARG0  *]  [rel  reducing]  [ARG1  the federal deficit]  [ARG2-MNR  sharply]  .
-  But Mr. Greenspan , who *T*-2 has repeatedly said 0 [ARG0  the Fed 's]  goal is * to [rel  reduce]  [ARG1  inflation]  , added that `` whatever losses *T*-3 are incurred *-1 in the pursuing of price stability would surely be more than made up *-4 in increased output thereafter . ''
-  Rep. Neal 's bill originally called on [ARG0  the Fed]  *-1 to [rel  reduce]  [ARG1  the inflation rate]  by [ARG2-by  one percentage point a year]  [ARGM-TMP  for five years]  and to maintain a zero inflation rate thereafter .
-  Competition could be maintained *-2 -- and stadiums probably would remain full -- if [ARG1  schedules]  were [rel  reduced]  *-3 and the games returned *-5 to the students , we said 0 *T*-4 .
-  New America High Income Fund recently said that [ARG0  it]  plans *-1 to [rel  reduce]  [ARG1  its leverage position]  [ARGM-MNR  by *-2 buying back $ 5 million *U* in preferred stock and notes from investors]  .
-  [ARG0  The Packwood-Roth proposal]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  the tax]  [ARGM-ADV  depending on how long an asset was held *-1 *T*-2]  .
-  The leveraged buy-out firm of Kohlberg Kravis Roberts & Co. , which *T*-1 owns 46 % of the common equity of SCI TV , indicated in the debt plan that [ARG0  it]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  its equity stake]  to [ARG4-to  15 %]  , [ARGM-ADV  * giving the rest of its stake to bondholders in the restructuring]  .
-  `` Most want cardiovascular conditioning ... the No. 1 way of [ARG0  *]  [rel  reducing]  [ARG1  risk of heart disease]  . ''
-  Dealers said 0 [ARG0  they]  also took profits *-1 to [rel  reduce]  [ARG1  holdings in their own account]  at the end of the October transaction period .
-  [ARG1  The price]  was [rel  reduced]  *-1 [ARGM-TMP  last August]  from [ARG3-from  an indicated value of $ 76 million *U*]  .
-  [ARG0  FEDERAL COURTS]  URGED *-1 *-3 to cut costs *RNR*-2 and [rel  reduce]  [ARG1  delays *RNR*-2]  of civil suits .
-  *-1 To take advantage of local expertise and custom , the study said 0 *T*-2 , Congress should require [ARG0  each of the 94 federal district courts]  to adopt its own plan * to speed the handling of civil suits and to [rel  reduce]  [ARG1  the high costs in civil cases]  .
-  The ratings concern said 0 the acquisition should result in pretax losses from operations because of increases in interest expense and charges for depreciation and amortization , but that it expects [ARG1  the losses]  to be [rel  reduced]  *-1 [ARGM-MNR  through productivity gains and above average growth of the company 's hospitals]  .
-  Earlier this month IMA , an investment group that *T*-1 includes Chicago 's Pritzker family and First Boston Corp. , submitted a [rel  reduced]  [ARG1  bid]  for American Medical after it could n't finance its initial offer .
-  Disappointment with the company 's earnings for the quarter led [ARG0  Prudential-Bache Securities]  to [rel  reduce]  [ARG1  its 1989 and 1990 earnings estimates]  , according to Dow Jones Professional Investor Report .
-  Some major U.S. trade partners quickly rejected a compromise proposal *ICH*-1 by Bush [ARG0  *]  to liberalize trade and [rel  reduce]  [ARG1  farm-product subsidies]  .
-  A Coors spokesman said 0 the company does n't believe 0 [ARG0  the move]  [ARGM-MOD  will]  further increase William Coors 's influence or [rel  reduce]  [ARG1  the influence of Jeffrey Coors , Peter Coors or Joseph Coors Jr. , who *T*-1 run the company 's three operating units]  .
-  And [ARG1  the total amount of junk financing]  [ARGM-MOD  will]  be [rel  reduced]  *-1 .
-  Lawyers also say 0 [ARG0  an erratic stock market and uncertain financing conditions]  have [ARG2-MNR  sharply]  [rel  reduced]  [ARG1  the number of lucrative big deals likely * to be proposed *-1]  .
-  Total tire segment sales were up only about 1 % to $ 2.2 billion *U* , and the company said 0 [ARG0  it]  [rel  reduced]  [ARG1  manufacturing levels]  [ARGM-LOC  at some of its U.S. tire plants]  [ARGM-CAU  because of inventory adjustments and slackened production by auto makers]  .
-  In the past five years , [ARG0  USX]  has turned steel into a profit maker by *-1 closing several plants and [rel  reducing]  [ARG1  labor costs]  .
-  Sears said 0 [ARG0  claims from the storm]  , [ARGM-DIS  as * expected *-1]  , [rel  reduced]  [ARG1  its third-quarter net]  by [ARG2-by  $ 80 million *U* , or 23 cents a share]  .
-  [ARG0  The buy-back , coupled * with a nearly completed earlier purchase of 20 million shares ,]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  shares outstanding]  by [ARG2-by  more than 26 %]  .
-  A retired electrical engineer 0 we 'll call *T*-1 Ben works part-time as a consultant , but he does n't want *-2 to earn so much that [ARG0  Social Security]  [rel  reduces]  [ARG1  his benefits]  .
-  [ARG0  *-2]  To [rel  reduce]  [ARG1  the risks]  [ARGM-TMP  while *-3 still retaining the legitimate benefits 0 these programs can provide *T*-1]  , credit policy must : 1 . Use credit *-2 to improve the operation of capital markets , not to provide subsidies .
-  [ARG0  This program , combined * with cash grants to needy students ,]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  program costs]  and much more effectively target the intended beneficiaries .
-  [ARG0  *]  [rel  Reducing]  [ARG1  those rates]  [ARG2-MNR  moderately]  [ARGM-ADV  -LRB- say , to 75 % -RRB-]  would still provide substantial assistance to borrowers .
-  But it would also encourage lenders to choose more creditworthy customers , and go a long way toward [ARG0  *]  [rel  reducing]  [ARG1  defaults]  .
-  For example , [ARG0  the Small Business Administration]  has had reasonable success in *-1 [rel  reducing]  [ARG1  both guarantee rates and default rates]  in its Preferred Lenders ' Program .
-  [ARGM-MNR  By *-1 converting an expenditure or loan to a guarantee]  , [ARG0  the government]  [ARGM-MOD  can]  ensure the same flow of resources and [rel  reduce]  [ARG1  the current deficit]  .
-  [ARG0  * Establishing these practices]  [ARGM-MOD  would]  permit earlier identification of emerging financial crises , provide better information for loan sales and budgeting decisions , and [rel  reduce]  [ARG1  fraud]  .
-  The proposal reiterates the [ARG0  U.S.]  desire * to scrap or [rel  reduce]  [ARG1  a host of trade-distorting subsidies on farm products]  .
-  The company estimated that [ARG0  losses from Hurricane Hugo]  [rel  reduced]  [ARG1  net income]  by [ARG2-by  32 cents a share]  [ARGM-TMP  in the most recent quarter]  .
-  Manville Corp. said 0 it offered *-1 to buy $ 500 million *U* of its convertible preferred stock from the Manville Personal Injury Settlement Trust in [ARG0  a move]  that *T*-2 [ARGM-MOD  would]  improve the trust 's liquidity and [rel  reduce]  [ARG1  the potential number of Manville shares outstanding]  .
-  Individuals familiar with Mobil 's strategy say that [ARG0  Mobil]  is [rel  reducing]  [ARG1  its U.S. work force]  [ARGM-CAU  because of declining U.S. output]  .
-  This would be a second round of cuts by [ARG0  Mobil]  , which [ARGM-ADV  along with other oil producers and refiners]  *T*-1 [rel  reduced]  [ARG1  its work force]  by [ARG2-by  15 % to 20 % *U*]  [ARGM-TMP  during the mid-1980s]  [ARGM-ADV  as part of an industrywide shakeout]  .
-  [ARG0  He]  cut his rating to a short-term hold from above-average performer and [rel  reduced]  [ARG1  his 1990 earnings estimate]  .
-  Last week , Sen. Malcolm Wallop -LRB- R. , Wyo . -RRB- held hearings on a bill 0 *T*-1 to strengthen [ARG0  an existing law]  designed * to [rel  reduce]  [ARG1  regulatory hassles]  [ARGM-ADV  for small businesses]  .
-  Mr. Miller repeated that in the next six months [ARG0  he]  plans *-1 to sell another $ 200 million to $ 300 million *U* of assets *-2 to repay debt and [rel  reduce]  [ARG1  interest costs at Wang , a minincomputer maker in Lowell , Mass]  .
-  [ARG0  David Owen , U.K. economist with Kleinwort Benson Group ,]  [rel  reduced]  [ARG1  his growth forecast for 1990]  to [ARG4-to  0.7 %]  from [ARG3-from  1.2 %]  and termed the risk of recession next year `` quite high . ''
-  The FTC said 0 it `` had reason * to believe that [ARG0  the proposed acquisition]  [ARGM-MOD  could]  [ARGM-MNR  substantially]  [rel  reduce]  [ARG1  competition '' in the production of certain image intensifier tubes , which *T*-1 are important components of night-vision devices sold * primarily to the defense industry]  .
-  *-1 To try *-2 to combat the traffic slowdown , [ARG0  airlines]  started *-1 [rel  reducing]  [ARG1  fares]  ; average fares rose only 1.7 % in August , in contrast to increases of 16 % each in February and March .
-  He predicted 0 [ARG1  the debt]  [ARGM-MOD  will]  be [rel  reduced]  *-1 by [ARG2-by  another A$ 3.8 billion *U*]  [ARGM-TMP  this fiscal year ending June 30 , 1990]  , but did n't explain how this will be achieved *-2 *T*-3 .
-  And a spokesman for [ARG0  Reliance Group Holdings Inc.]  , which *T*-1 had held 7 % of UAL before the first buy-out bid but [ARGM-TMP  later]  [rel  reduced]  [ARG1  its holdings]  below [ARG4-below  5 %]  , would n't comment .
-  But though a weakening economy implies [rel  reduced]  [ARG1  demand]  , Mr. Kaiser said that Third World copper-producing countries have n't any choice but * to sell copper .
-  They would both give part of their combined $ 50 million *U* in common equity in SCI TV to holders of SCI TV 's $ 488 million *U* of junk bonds , as a carrot 0 *T*-2 to persuade them *-3 to accept [ARG0  new bonds]  that *T*-1 [ARGM-MOD  might]  [rel  reduce]  [ARG1  the value of their claims on the company]  .
-  NATO defense ministers opened a two-day meeting in Portugal 0 *T*-1 to assess the alliance 's nuclear-weapons needs amid [rel  reduced]  [ARG1  East-West]  tensions .
-  The ministers ordered a study on the strategic role of nuclear arms in Western Europe once [ARG1  Soviet conventional weapons]  are [rel  reduced]  *-1 [ARGM-LOC  in the East bloc]  .
-  [ARG0  The repurchase , coupled * with an earlier buyback ,]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  the firm 's shares outstanding]  by [ARG2-by  over 26 %]  .
-  The Justice Department alleges that [ARG0  the company]  `` engaged in various forms of misrepresentation '' with the goal of *-1 [rel  reducing]  [ARG1  the appraised value of employees ' homes]  .
-  With [rel  reduced]  [ARG1  exports]  and rising imports , South Korea 's trade surpluses with the U.S. and Europe between January and September fell sharply from a year ago , the Customs Administration said 0 *T*-1 .
-  [ARG0  Lazard and other primary underwriters]  have [rel  reduced]  or eliminated [ARG1  their exposure]  [ARGM-MNR  by *-1 sub-underwriting the issue among U.K. institutional investors]  .
-  And instead of *-1 buying the UAL stake , [ARG0  the U.K. carrier]  will be able *-1 to [rel  reduce]  [ARG1  its high debt level]  and build an acquisition war chest .
-  But most economists doubt 0 the streamlining would cut deeply into [ARG0  Conasupo government subsidy]  , which *T*-1 largely goes *-2 to [rel  reduce]  [ARG1  consumer prices for corn and milk]  .
-  [ARG1  The cash payout]  [ARGM-MOD  will]  be [rel  reduced]  *-1 by [ARG2-by  40 % of any amount by which the weighted mean price of Ramada 's common stock exceeds $ 14 *U* on the day 0 the transaction closes *T*-2 *T*-3]  .
-  But ozone creation is a very large-scale natural process and the importance of human-generated CFCs in [ARG0  *]  [rel  reducing]  [ARG1  it]  is largely a matter of conjecture .
-  Bishops usually are worth slightly more than knights , but [ARGM-LOC  in this case]  Mr. Kasparov was left *-1 with a very dangerous knight and [ARG1  D.T. 's surviving bishop]  was [rel  reduced]  *-2 to [ARG4-to  passivity]  .
-  The company said 0 [ARG0  the plant]  will ensure that it has adequate energy for the mill and [ARGM-MOD  will]  [rel  reduce]  [ARG1  the mill 's energy costs]  .
-  Prudential-Bache Securities analyst Leslie Steppel said 0 [rel  reduced]  [ARG1  labor]  costs helped *-1 boost margins , although she doubted `` 0 that kind of performance is sustainable . ''
-  Third-quarter sales in Europe were exceptionally strong , *-1 boosted *-2 by promotional programs and new products -- although [ARG0  weaker foreign currencies]  [rel  reduced]  [ARG1  the company 's earnings]  .
-  Mr. Sheridan , who *T*-1 had been expecting quarter profit of about $ 1.25 *U* a share , says 0 [ARG0  he]  is [rel  reducing]  [ARG1  his estimate for the year]  to [ARG4-to  the area of $ 5.70 *U* a share]  , from [ARG3-from  his previous estimate of $ 6.10 *U*]  .
-  [ARG0  Eli Lustgarten]  of PaineWebber Inc. , who a couple of weeks ago *T*-1 [rel  reduced]  [ARG1  his 1989 estimate]  to [ARG4-to  $ 5.70 *U* a share]  [ARGM-CAU  because of the weakening truck market]  , says 0 he will make another cut to about $ 5.50 *U* a share in light of the third-quarter report .
-  But the implications of such a shift to market approaches go well beyond the fact that Poland is already working on [ARG0  nationwide emissions trades]  0 *T*-1 to [rel  reduce]  [ARG1  smelter pollution]  , or that the Soviets plan *-2 to introduce marketable pollution permits in some republics next year .
-  In its bankruptcy-law petition , filed * in U.S. Bankruptcy Court in Manhattan , Eagle said 0 its problems began in 1987 and early 1988 when [ARG0  its then-senior lender , Bankers Trust Co. ,]  [rel  reduced]  [ARG1  its credit line]  .
-  [ARGM-PNC  Largely *-1 to meet tougher new capital requirements]  , [ARG0  thrifts]  [rel  reduced]  [ARG1  their assets]  [ARG2-EXT  $ 13.4 billion *U*]  [ARGM-TMP  in August]  , [ARGM-MNR  by *-1 selling such assets as mortgage-backed securities and loans]  .
-  [ARGM-ADV  Not including thrifts under government conservatorship]  , [ARG0  S&Ls]  [rel  reduced]  [ARG1  their assets]  by [ARG2-by  $ 10.1 billion *U*]  [ARGM-TMP  from the previous month]  , and deposit outflows totaled $ 3.9 billion *U* .
-  Thrifts raised capital mostly by *-3 selling [ARG1  mortgages and mortgage-backed securities]  , which *T*-2 were [rel  reduced]  *-1 by [ARG2-by  $ 7.8 billion *U*]  [ARGM-TMP  in August]  [ARGM-TMP  from the prior month]  .
-  [ARGM-TMP  As thrifts sell assets *-1 to improve their capital-to-asset ratio , as * required under the new law passed * in August]  , [ARG0  they]  [ARGM-MOD  must]  [ARGM-DIS  also]  [rel  reduce]  [ARG1  liabilities , such as deposits]  .
-  This forecast was based *-1 on the apparent reversal of most of [ARG0  the negative forces]  -- such as demographic changes , the oil shock and accelerating inflation -- that *T*-2 had [rel  reduced]  [ARG1  productivity gains]  [ARGM-TMP  in the 1970s]  .
-  By next year , all underwriters will be linked *-1 to [ARG0  a communications network]  that *T*-2 [ARGM-MOD  could]  [rel  reduce]  [ARG1  paper work on claims]  .
-  [ARGM-LOC  In an economic slowdown]  , [ARG0  heavy debt loads]  [rel  reduce]  [ARG1  the flexibility of companies]  [ARGM-CAU  because cash that *T*-2 would normally be used *-3 * to keep the company buoyant must be diverted *-1 to interest payments]  .
-  It also reflects the broader pressure *ICH*-1 on companies in Europe * to keep up as [ARG0  the European Community]  prepares *-2 to [rel  reduce]  [ARG1  internal trade barriers]  [ARGM-TMP  by 1992]  .
-  Ikegai-Goss , which *T*-1 has about 200 employees , is among the industry leaders in [ARG0  keyless inking technology]  , which *T*-2 [rel  reduces]  [ARG1  time and materials waste when * preparing a press for printing *T*-3]  .
-  [ARG0  That]  would help [rel  reduce]  [ARG1  Santa Fe Pacific 's remaining debt]  to [ARG4-to  about $ 600 million *U*]  from [ARG3-from  a high of $ 3.7 billion *U* in early 1988]  .
-  [ARGM-ADV  On the chairman 's motion]  , [ARG1  the California package]  was [ARGM-TMP  subsequently]  [rel  reduced]  *-1 to [ARG4-to  less-binding report language]  , and even when this was accepted *-2 as such on a voice vote *T*-3 , Mr. Whitten pointedly opposed it .
-  Secretary of State Baker , in his first major arms-control speech , called for a new military relationship with Moscow [ARG0  *]  to [rel  reduce]  [ARG1  `` first strike '' nuclear arms]  .
-  The newspaper and television owner said 0 it expects [ARG0  the tax adjustment]  to [rel  reduce]  [ARG1  its net income for the full year]  by [ARG2-by  14 cents , or approximately $ 2.8 million *U*]  based on its 20.2 million shares outstanding .
-  Detrex Corp. said 0 [ARG0  a reserve 0 it is establishing *T*-1 *-2 to cover expected pollution cleanup costs at an Ohio plant]  [rel  reduced]  [ARG1  its third-quarter net income]  by [ARG2-by  $ 1.9 million *U*]  .
-  Detrex is setting aside $ 3.1 million *U* for the cleanup , but said 0 [ARG0  the reserve]  [rel  reduced]  [ARG1  its quarterly income]  by [ARG2-by  only $ 1.9 million *U*]  [ARGM-CAU  because of tax considerations]  .
-  In the statement , Mr. Skase said that [ARGM-ADV  on the basis of current interest rates in Australia]  , [ARG0  the company 's asset sales]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  interest expense]  by [ARG2-by  about A$ 120 million *U* a year]  [ARGM-ADV  in addition to *-1 eliminating certain liabilities]  .
-  He said 0 [ARG0  the move]  [ARGM-MOD  will]  `` [ARGM-MNR  significantly]  [rel  reduce]  [ARG1  administrative and operating costs]  , '' but he did n't provide details of the merger .
-  The company said 0 earnings would have increased if [ARG0  it]  had n't been actively repurchasing its shares , [ARGM-DIS  thus]  increasing its interest expense and [rel  reducing]  [ARG1  its interest income]  .
-  And , Deltec said 0 *T*-3 , [ARG1  buying]  has been [ARG2-MNR  severely]  [rel  reduced]  *-1 [ARGM-CAU  because savings and loans have been restricted *-2 in their junk purchases by recently passed congressional legislation]  .
-  [ARG0  Imperial]  is in the midst of *-1 [rel  reducing]  [ARG1  its junk-bond holdings]  and getting out of the investment banking business [ARGM-PNC  in order *-2 to return to traditional thrift activities]  .
-  CRI Inc. said 0 [ARG0  it]  [rel  reduced]  [ARG1  the estimated cash distribution for its Capital Housing and Mortgage Partners Inc. trust]  to between [ARG4-between  71 cents and 74 cents a share]  , from between [ARG3-between  75 cents and 80 cents]  , [ARGM-TMP  for the year ending June 9 , 1990]  .
-  [ARG0  The ceiling]  would be lifted *-1 to 21.5 million barrels *-1 to provide Kuwait and the United Arab Emirates much higher official quotas while *-2 [rel  reducing]  [ARG1  percentage shares of some others]  .
-  These security costs are kept *-1 off-budget because [ARG1  the centers ' site acquisition , construction , and financing costs]  were [rel  reduced]  *-2 by [ARG0-by  such programs as Urban Development Action Grants , Economic Development Administration Grants , Community Development Block Grants , tax-free Industrial Development Bonds , Enterprise Zone tax write-offs , city infrastructure grants , and tax increment financing]  .
-  The number one proposal for [ARG0  *]  [rel  reducing]  [ARG1  crime]  in the New York survey was * to put more police on foot or scooter patrol , * suggested by more than two-thirds of the respondents .
-  The holding company said 0 [ARG0  the rights offering]  [ARGM-MOD  should]  [rel  reduce]  [ARG1  its C$ 171 million *U* debt]  to [ARG4-to  `` more manageable levels '']  [ARGM-TMP  before Dec. 31]  and allow it to finance future investments with equity capital .
-  To [rel  reduce]  [ARG1  it]  [ARGM-LOC  at the fund 's building]  , workers rubbed beeswax instead of polyurethane on the floors in the executive director 's office .
-  Ferranti has said that [ARG0  it]  would be forced *-1 to write off # 185 million *U* against the phantom contracts , * [rel  reducing]  [ARG1  its net asset value]  by [ARG2-by  more than half]  .
-  [ARG0  East Germany]  pledged *-1 to [rel  reduce]  [ARG1  alcohol consumption]  [ARGM-MNR  by *-2 boosting production of soft drinks and fruit juices]  .
-  Trade and Supply Minister Gerhard Briksa said in a letter published * in the youth daily Junge Welt that the rise in alcohol consumption in East Germany had been halted *-1 ; but [ARG0  *]  to [rel  reduce]  [ARG1  it]  [ARG2-MNR  further]  , he said *T*-3 , production and supply of other beverages , including fruit juices , should be stepped *-2 up .
-  He added that [ARG0  shops]  will have *-1 to continue *-2 [rel  reducing]  [ARG1  their stocks of liquor]  and avoid *-2 displaying them too prominently in the window .
-  A group of senior Conservative legislators , complaining 0 the House of Commons was like a sauna , demanded that the experiment be stopped *-1 unless [ARG1  the intensity of the lights]  is [rel  reduced]  *-2 .
-  The plan , proposed * by U.S. Secretary of State Nicholas Brady , calls for [ARG0  banks]  either to make new loans or to [rel  reduce]  [ARG1  the principle on existing loans]  or to cut the interest rate on those existing loans .
-  Mr. Stein said 0 tighter operating controls have enabled [ARG0  Ekco]  to [rel  reduce]  [ARG1  inventory levels]  [ARG2-EXT  25 % to 30 % *U*]  ; improve on-time delivery of orders to about 95 % from around 70 % ; and to lower the number of labor hours required * *-1 to produce a unit .
-  A group including ESL Partners Ltd. , a Fort Worth , Texas , investment partnership , and Richard E. Rainwater , a former adviser to the Fort Worth Bass family , said 0 [ARG0  it]  [rel  reduced]  [ARG1  its stake in Anacomp Inc.]  to [ARG4-to  3.6 % of the common shares outstanding]  .
-  It said 0 the [rel  reduced]  [ARG1  dividend]  reflects the low price for precious metals .
-  Mr. Dillow said 0 the data show 0 the economy `` is still quite strong , '' but [ARG0  suggestions that much of the spending went on services rather than consumer goods]  [ARGM-MOD  should]  [rel  reduce]  [ARG1  fears of more import rises]  .
-  Only 10 % of the 250 shippers polled * expected their freight-transport costs to decrease , compared with [ARG0  30 %]  who *T*-1 had looked to freight transport *-2 to [rel  reduce]  [ARG1  costs]  [ARGM-TMP  in past years]  .
-  It reduces lawsuits from disgruntled employees and ex-employees , with all 0 that means *T*-1 for [rel  reduced]  [ARG1  legal]  costs and better public relations .
-  [ARG0  It]  [rel  reduces]  [ARG1  lawsuits from disgruntled employees and ex-employees]  , [ARGM-ADV  with all 0 that means *T*-1 for reduced legal costs and better public relations]  .
-  [ARG1  Management 's total]  [ARGM-MOD  could]  be [rel  reduced]  *-1 , and the public could get more than the 15 % control that *T*-2 had been earmarked *-3 for British Air .
-  Daniel J. Terra , a director of First Illinois Corp. , said that [ARGM-TMP  in August]  [ARG0  he]  [rel  reduced]  [ARG1  his stake in First Illinois]  to [ARG4-to  26.48 % of the common shares outstanding]  .
-  Jerry Junkins , chairman , president and chief executive officer , said 0 [ARG0  sluggish consumer-electronics sales]  [rel  reduced]  [ARG1  demand for semiconductors]  .
-  In addition , cost increases related to fixed-price defense contracts and [ARG0  a $ 10 million *U* charge]  0 *T*-1 to [rel  reduce]  [ARG1  the work force of Texas Instruments ' defense-electronics division]  also reduced net .
-  [ARGM-DIS  In addition]  , [ARG0  cost increases related to fixed-price defense contracts and a $ 10 million *U* charge 0 *T*-1 to reduce the work force of Texas Instruments ' defense-electronics division]  [ARGM-DIS  also]  [rel  reduced]  [ARG1  net]  .
-  [ARGM-DIS  And]  [ARG0  they]  [ARGM-MOD  can]  [ARG2-MNR  further]  [rel  reduce]  [ARG1  the monthly amount]  [ARGM-ADV  if they start saving earlier -- when mother and child come home from the hospital *T*-1]  .
-  He takes issue with projections that *T*-1 do n't factor in [ARG0  students ' own contribution]  , which *T*-2 [rel  reduces]  [ARG1  most parents ' burden]  [ARG2-MNR  substantially]  .
-  [ARGM-MNR  That way]  , [ARG0  parents]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  borrowings and outlays from current income]  [ARGM-TMP  when the time *ICH*-3 comes 0 * to pay tuition *T*-2 *T*-1]  .
-  [ARGM-DIS  But]  [ARG0  the new category]  does [ARGM-NEG  not]  replace or [rel  reduce]  [ARG1  Berkeley 's broad racial preferences]  .
-  Mr. Cawthorn attributed the decline in third-quarter operating profit to [ARG0  the stronger dollar]  , which *T*-2 [rel  reduces]  [ARG1  the value of overseas profit when it is translated *-1 into dollars *T*-4]  ; to accelerated buying of Rorer products in the second quarter because of a then-pending July 1 price increase , and to higher marketing expenses for Rorer 's Maalox antacid , whose sales and market share in the U.S. *T*-3 had slipped in the first half of 1989 .
-  [ARG0  * Eliminating the earnings limit]  [ARGM-MOD  would]  greatly help seniors and [rel  reduce]  [ARG1  the deficit]  .
-  He contends that [ARG0  * chasing consumers with low-priced imports]  will harm the industry in the long run by *-1 [rel  reducing]  [ARG1  the prestige of furs]  .
-  Some analysts add that third-party pressures [ARG0  *]  to [rel  reduce]  [ARG1  health costs]  will continue *-1 to bedevil companies ' bottom lines .
-  The Maynard , Mass. , company is in a transition in which [ARG0  it]  is trying *-1 to [rel  reduce]  [ARG1  its reliance on mid-range machines]  and establish a presence in workstations and mainframes *T*-2 .
-  [ARG1  The latest period 's net]  was [rel  reduced]  *-1 [ARG2-EXT  $ 102 million *U* , or nine cents a share ,]  [ARGM-PNC  for a change in depreciation method and concurrent changes in estimates of depreciable lives and net salvage for certain telecommunications equipment]  .
-  Instead of *-2 hiring one of the many active managers specializing in growth stocks , indexers can design a portfolio around the same stocks ; the portfolio will be maintained *-1 by computer , [ARG0  *]  [rel  reducing]  [ARG1  both fees and , in theory , risk]  -LRB- [ARGM-CAU  because of the large number of stocks]  -RRB- .
-  A federal judge has issued a preliminary injunction against the purchase because of Federal Trade Commission concerns that [ARG0  the transaction]  [ARGM-MOD  would]  [rel  reduce]  [ARG1  competition in the production of two kinds of rivets]  .
-  According to some analysts familiar with the negotiations , [ARG0  the 10 % of equity]  would come directly from Donaldson Lufkin and a fund affiliated * with the investment bank Blackstone Group , which *T*-1 [ARGM-MOD  would]  [rel  reduce]  [ARG1  their CNW equity holdings]  by [ARG2-by  5 % each]  .
-  [ARG0  A core group of six or so Democratic senators]  has been working behind the scenes *-1 to develop a proposal * to [rel  reduce]  [ARG1  the tax on the gain from the sale of assets]  .
-  As an alternative , [ARG0  taxpayers]  could chose *-1 to [rel  reduce]  [ARG1  their gains]  [ARGM-MNR  by an inflation index]  .
-  [ARG1  The size of the company 's board]  has been [rel  reduced]  *-1 to [ARG4-to  eight directors]  from [ARG3-from  13]  .
-  [ARG1  Even perks]  have been [rel  reduced]  *-1 .
-  It said 0 the reduction reflects impaired business prospects and [rel  reduced]  [ARG1  financial]  flexibility caused * by continuing losses at the maker of Winchester disk drives .
-  The company said 0 [ARG1  per-share earnings]  were [ARG2-MNR  slightly]  [rel  reduced]  *-1 by [ARG0-by  the sale of 4.1 million shares of treasury stock to the company 's newly formed Employee Stock Ownership Plans]  .
-  [ARG1  Revenue]  was [rel  reduced]  *-1 [ARG2-EXT  $ 33 million *U*]  by [ARG0-by  three extraordinary items : a California Public Utilities Commission refund for an American Telephone & Telegraph Co. billing adjustment ; a provision for productivity sharing 0 *T*-3 to be paid *-2 to customers in 1990 and a one-time accrual for a toll settlement with long-distance telephone companies]  .
-  Fina blamed lower chemical prices , [rel  reduced]  [ARG1  gasoline]  margins and refinery maintenance shutdowns .
-  The merger should also allow [ARG0  the companies]  to [rel  reduce]  [ARG1  costs]  [ARGM-MNR  by *-1 combining operations in many locations in Puerto Rico]  .
-  The Little Rock , Ark. , department-store retailer said 0 [ARG0  proceeds]  will be used *-1 * to [rel  reduce]  [ARG1  short-term debt]  .
-  Other news that *T*-1 weighed on the market : Initial unemployment claims rose by 62,000 last week ; [ARG0  American Telephone & Telegraph Co.]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  its managerial staff]  by [ARG2-by  15,000]  [ARGM-MNR  through attrition]  ; the oil market turned weaker ; there was n't any investor demand for bullion ; and the dollar strengthened during the day , * putting pressure on gold .
-  [ARG0  That contract]  fell a total of 5.75 cents during the first three days of this week , mostly in reaction to last Friday 's stock market plunge , which *T*-1 prompted concern that it might signal a similar sharp slowing of the U.S. economy and [ARGM-DIS  thus]  [rel  reduced]  [ARG1  demand for copper , a leading industrial metal]  .
-  Some of this buying was by Japan , which *T*-1 has had [ARG1  its supplies]  [ARG2-MNR  sharply]  [rel  reduced]  *-3 by [ARG0-by  long production stoppages at the Bougainville mine in Papua New Guinea , Highland Valley mine in British Columbia , and the Cananea mine in Mexico , which *T*-2 are major shippers to Japan]  .
-  The sale of the company 's cable franchise brought an after-tax gain of $ 193.3 million *U* , [ARG0  part of which]  *T*-1 will be used *-2 * to [rel  reduce]  [ARG1  debt]  .
-  But the economy `` is slowing enough 0 *T*-1 to give [ARG0  the Federal Reserve]  leeway 0 * to [rel  reduce]  [ARG1  interest rates]  *T*-2 . ''
-  TransAtlantic Holdings PLC , a British-based , South African-controlled financial services investment group , and France 's Societe Centrale Union des Assurances de Paris reached [ARG0  an accord]  [ARGM-ADV  effectively]  [rel  reducing]  [ARG1  chances of an unfriendly takeover for Sun Life Assurance Society PLC]  .
-  In a joint statement , the two companies , whose combined holdings *T*-2 equal 52.7 % of Sun Life 's ordinary shares , said 0 their agreement is aimed *-1 at [ARG0  *]  [rel  reducing]  `` [ARG1  the uncertainty and instability for Sun Life that *T*-3 has resulted from two major shareholders owning '' a controlling interest in the company]  .
-  [ARG0  Proceeds from those sales]  will be used *-1 * to [rel  reduce]  [ARG1  debt]  .
-  The study said 0 Japan 's carbon-dioxide emissions would slightly more than double by 2010 unless [ARG0  the nation]  [rel  reduced]  [ARG1  its dependence on fossil fuels]  .
-  Combustion Engineering Inc. , Stamford , Conn. , said 0 it sold *RNR*-2 *RNR*-5 and agreed *-1 to sell *RNR*-2 *RNR*-5 several investments and nonstrategic businesses for [ARG0  about $ 100 million *U*]  , which *T*-4 will be used *-3 for * [rel  reducing]  [ARG1  debt]  and general purposes .
-  Per-share earnings were enhanced *-1 by [ARG0  the company 's share buy-back program]  , which *T*-2 [rel  reduced]  [ARG1  the average shares outstanding]  to [ARG4-to  87.5 million in the quarter]  from [ARG3-from  95.8 million]  in the same quarter of 1988 .
-  The secretary would be required *-1 to block an acquisition if he concluded that it would so weaken an airline financially that [ARG0  it]  [ARGM-MOD  would]  hurt safety or [rel  reduce]  [ARG1  the carrier 's ability * to compete]  , or if it gave control to a foreign interest .
-  The company said 0 [ARG0  the dollar 's continued strengthening]  [rel  reduced]  [ARG1  world-wide sales growth]  by [ARG2-by  three percentage points]  .
-  Also , because of its reduced capital budget , [ARG0  Pemex]  has phased out about 50,000 transitory construction workers , * [rel  reducing]  [ARG1  the work force]  to [ARG4-to  about 140,000]  , the union leader says 0 *T*-1 .
-  Also , because of its [rel  reduced]  [ARG1  capital]  budget , Pemex has phased out about 50,000 transitory construction workers , * reducing the work force to about 140,000 , the union leader says 0 *T*-1 .
-  [ARG0  New management]  can take several steps * to [rel  reduce]  [ARG1  dishonesty]  .
-  Derek Stevens , British Air 's chief financial officer , told Dow Jones Professional Investor Report 0 a price of $ 230 *U* a share is `` certainly not too low , '' and indicated 0 [ARG0  his company]  would like *-1 to [rel  reduce]  [ARG1  the size of its $ 750 million *U* cash investment]  .
-  [ARG0  UAL 's management]  agreed *-1 to [rel  reduce]  [ARG1  the seniority of those pilots]  [ARGM-PNC  in exchange for the support of the United pilot union for the buy-out proposal]  .
-  [ARG0  Corporate efforts * to control health-care costs by *-1 requiring evaluations prior to planned hospitalization and surgery]  have n't been sweeping enough *-2 to [rel  reduce]  [ARG1  the long-term rate of cost increases]  , according to a study by the Institute of Medicine .
-  `` There 's pretty good evidence that [ARG0  utilization management]  has [rel  reduced]  [ARG1  inappropriate hospitalization]  , '' he said *T*-1 .
-  David Rahill of A. Foster Higgins & Co. said that clients of his consulting firm report that [ARG0  utilization management]  [rel  reduces]  [ARG1  their hospital care bills]  by [ARG2-by  about 5 %]  , but he agreed that for the health-care system as whole , some of these savings are offset *-1 by administrative and outpatient care costs .
-  The panel urged greater efforts [ARG0  *]  to [rel  reduce]  [ARG1  the complexity , paperwork and cost of utilization review]  .
-  `` Utilization management needs *-1 to better demonstrate that [ARG0  it]  [rel  reduces]  [ARG1  the wasteful use of resources]  , improves the appropriateness of patient care and imposes only reasonable burdens on patients and providers , '' the panel concluded *T*-2 .
-  `` Although [ARG0  it]  [ARGM-ADV  probably]  has [rel  reduced]  [ARG1  the level of expenditures]  [ARGM-ADV  for some purchasers]  , utilization management -- like most other cost containment strategies -- does n't appear *-1 to have altered the long-term rate of increase in health-care costs , '' the Institute of Medicine , an affiliate of the National Academy of Sciences , concluded *T*-2 after a two-year study .
-  While [ARG0  utilization management]  [ARGM-TMP  frequently]  [rel  reduces]  [ARG1  hospitalization costs]  , these savings are often offset *-1 by increases in outpatient services and higher administrative costs , according to the report by a panel of health-care experts .
-  A House-Senate conference reached agreement Oct. 5 on virtually all major provisions of the bill , but final settlement has been stalled *-5 because of differences between the two men over the fate of a modest Arkansas-based program 0 *T*-1 to provide technical information to [ARG0  farmers]  seeking * to [rel  reduce]  [ARG1  their dependence on chemical fertilizers and pesticides]  .
-  The 79-year-old Mississippian takes a more orthodox , entrenched view of agriculture policy than those in the movement [ARG0  *]  to [rel  reduce]  [ARG1  chemical use]  , but as a master of pork-barrel politics , he is believed *-1 to be annoyed as well that the project moved to Arkansas from a Tennessee center near Memphis and the northern Mississippi border .
-  United Parcel Service , Greenwich , Conn. , said 0 [ARG1  its operations in the San Francisco area]  have been [rel  reduced]  *-1 to [ARG4-to  40 % of normal]  .
-  That would force [ARG0  the buy-out firm and the target company 's management]  to *-1 [rel  reduce]  [ARG1  their level of ownership]  .
-  At General Dynamics , [ARG0  factors]  [rel  reducing]  [ARG1  earnings in the military aircraft segment]  included higher levels of cost-sharing in development of the Advanced Tactical Fighter , and the high cost of an advanced version of the F-16 fighter .
-  [ARG0  The strong dollar]  , which *T*-2 [rel  reduces]  [ARG1  the value of overseas earnings and revenue]  [ARGM-TMP  when they are translated *-1 into dollars *T*-3]  , is expected *-4 to knock 80 to 85 cents off IBM 's per-share earnings for the full year .
-  [ARGM-DIS  In addition]  , [ARG1  earnings]  were [rel  reduced]  *-1 by [ARG0-by  rate reductions in Florida , Kentucky , Alabama , Tennessee and Louisiana]  .
-  [ARG0  The refinancing of $ 481 million *U* in long-term debt]  [rel  reduced]  [ARG1  net income]  by [ARG2-by  $ 22 million *U* , or five cents a share ,]  but in the long run will save more than $ 250 million *U* in interest costs .
-  As an alternative , he said 0 *T*-2 , [ARG0  taxpayers]  could chose *-1 to [rel  reduce]  [ARG1  their gains]  by [ARG2-by  an inflation index]  .
-  [ARG0  The earthquake]  is likely *-1 to [rel  reduce]  [ARG1  GNP]  [ARG2-MNR  negligibly]  [ARGM-TMP  in the near term]  and then could raise it a bit as rebuilding begins .
-  For the rest of 1989 , Mr. Hagen said 0 *T*-2 , Conrail 's traffic and revenue `` will reflect the sluggish economy , but [ARG0  Conrail]  will continue *-1 to take steps * to control and [rel  reduce]  [ARG1  costs]  . ''
-  EXXON Corp. , New York , oil company , NYSE , said 0 its refinery northeast of San Francisco was operating at a [ARG2-EXT  slightly]  [rel  reduced]  [ARG1  rate]  as a precaution in case of aftershocks .
-  Analysts said 0 [ARG0  the additional liquidity]  should tend *-1 to [rel  reduce]  [ARG1  the federal funds rate]  .
-  Researchers could n't estimate the cost of the drug when it reaches the market *T*-1 , but they said 0 [ARG0  FK-506]  [ARGM-MOD  will]  enable patients to cut hospital stays by 50 % and [rel  reduce]  [ARG1  the number of blood tests used * to monitor the dosage of cyclosporine and other drugs among transplant recipients]  .
-  But researchers say 0 [ARG0  the drug , called * FK-506 ,]  could revolutionize the transplantation field by * [rel  reducing]  [ARG1  harmful side effects]  and by * lowering rejection rates .
-  [ARGM-DIS  Also]  , [ARGM-ADV  rather than *-1 increase supplies]  , [ARG0  they]  [rel  reduce]  [ARG1  them]  and encourage hoarding .
-  [ARG0  It]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  spending]  [ARGM-MNR  in a very effective fashion]  . ''
-  The investor will be out the cost of the put , which *T*-2 is called *-1 the `` premium , '' and [ARG0  this loss]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  the stock-market profit]  .
-  For example , Tenneco Inc. pays [ARG0  a quarterly dividend]  of 76 cents , which *T*-1 [ARGM-MOD  would]  be received *-2 before the February option expires and , [ARGM-DIS  thus]  , [rel  reduce]  [ARG1  the cost of * using the technique]  by [ARG2-by  that amount]  .
-  That 's because [ARG0  it]  [rel  reduces]  [ARG1  the cost of the stock]  by [ARG2-by  the amount of premium received * from the sale of the call]  .
-  House leaders had hoped *-2 to follow the Senate 's lead by *-3 getting an agreement from House committee chairmen under which they would drop [ARG0  items]  that *T*-1 [ARGM-MOD  would]  [ARGM-NEG  n't]  [rel  reduce]  [ARG1  the fiscal 1990 budget deficit]  from the House-passed bill before the negotiations with the Senate began *T*-4 .
-  `` If there is any support for [ARG0  *]  [rel  reducing]  [ARG1  the bill]  , it is conditioned *-1 on their desire * to see them passed *-2 in another form . ''
-  Earlier rate reductions in Texas and California reduced the quarter 's revenue and operating profit $ 55 million *U* ; a year earlier , [ARG1  operating profit in telephone operations]  was [rel  reduced]  *-1 by [ARG2-by  a similar amount]  [ARGM-CAU  as a result of a provision for a reorganization]  .
-  [ARG0  Earlier rate reductions in Texas and California]  [rel  reduced]  [ARG1  the quarter 's revenue and operating profit]  [ARG2-EXT  $ 55 million *U*]  ; a year earlier , operating profit in telephone operations was reduced *-1 by a similar amount as a result of a provision for a reorganization .
-  [ARG0  A stronger U.S. dollar]  [rel  reduced]  [ARG1  third-quarter and first-nine-month sales growth]  [ARG2-EXT  2 % and 3 % *U* , respectively]  .
-  [ARGM-MNR  With this treatment]  [ARG0  we]  have [rel  reduced]  [ARG1  deaths in high-risk colon cancer]  by [ARG2-by  one-third]  -- but this leaves the two-thirds who *T*-1 are dying of cancer .
-  Officials of the Big Three auto makers and 14 petroleum companies said 0 they are setting out *-1 to find the most cost-effective fuel for [ARG0  *]  [rel  reducing]  [ARG1  cities ' air-pollution problems]  , with no bias toward any fuel in particular .
-  Some analysts predict that disappointment in [ARG0  Mr. Gandhi 's]  spent pledge * to [rel  reduce]  [ARG1  corruption and heavy-handed local government]  will crest at the polls .
-  `` [ARG0  Underwriters of the TVA bonds]  [rel  reduced]  [ARG1  their market risk]  [ARGM-MNR  by * selling Treasurys * to cover at least part of their -LCB- TVA -RCB- holdings]  , '' said *T*-1 James R. Capra , a senior vice president at Shearson Lehman Government Securities Inc .
-  [ARGM-DIS  But]  [ARGM-TMP  as soon as the accords were signed *-1]  , [ARG0  American officials]  [ARG2-MNR  sharply]  [rel  reduced]  [ARG1  aid]  .
-  [ARGM-TMP  When they did *T*-1]  , [ARG0  the firm]  [rel  reduced]  [ARG1  those stock holdings]  to [ARG4-to  about 70 %]  .
-  A spokesman for the engineers said 0 the company asked [ARG0  the union]  *-2 to [rel  reduce]  [ARG1  its demands , which *T*-1 included a 19 % pay hike in the first year and 8 % in the second and third years]  .
-  [ARG0  It]  [ARGM-DIS  also]  [ARGM-MOD  would]  have [rel  reduced]  [ARG1  mandatory overtime]  .
-  It warns that [ARG0  the AIDS epidemic]  `` [ARGM-MOD  may]  [rel  reduce]  [ARG1  the rate of growth of the work force]  , curb productivity gains and slow economic growth . ''
-  Polyvinyl chloride capacity `` has overtaken demand and we are experiencing [rel  reduced]  [ARG1  profit]  margins as a result , '' said 0 *T*-1 John D. Ong , chairman and chief executive .
-  Honeywell previously said 0 [ARG0  it]  intended *-1 to [rel  reduce]  [ARG1  its holding in the Japanese concern]  [ARGM-PNC  as part of a restructuring plan which also *T*-2 calls for a reduction of dependence on weapons sales]  .
-  The comptroller 's office eventually extended the deadline to six months but broadened its demands , *-1 ordering that [ARG1  the `` book value of the collection]  -LCB- be -RCB- [rel  reduced]  to [ARG4-to  zero]  . ''
-  [ARGM-ADV  Among other things]  , [ARG0  the restructured facilities]  [ARGM-MOD  will]  [ARG2-MNR  substantially]  [rel  reduce]  [ARG1  the group 's required amortization of the term loan portion of the credit facilities]  [ARGM-TMP  through September 1992]  , MLX said 0 *T*-1 .
-  [ARG0  The new technology , which *T*-1 creates a very thin piece of steel ,]  [ARG2-MNR  radically]  [rel  reduces]  [ARG1  the costs of * making flat-rolled sheets]  .
-  But while the Merc reopened a half hour later , the CBOE remained closed , * leaving many options traders unable *-2 to make [ARG0  trades]  that *T*-1 [ARGM-MOD  might]  have [rel  reduced]  [ARG1  the losses]  .
-  [ARG0  That]  [ARGM-MOD  can]  [rel  reduce]  [ARG1  returns]  by [ARG2-by  a third or more]  , [ARGM-TMP  once local taxes are included *-1]  , Mr. Lipper says 0 *T*-2 .
-  But if the board rejects a [rel  reduced]  [ARG1  bid]  and decides *-2 to explore other alternatives , it could transform what *T*-1 has been a harmonious process into an adversarial one .
-  The firm 's drop in net reflected weaker revenue in transactions for its own account -- a decline of 19 % to $ 314.6 million *U* on [rel  reduced]  [ARG1  revenue]  from * trading fixed-income securities .
-  [ARG0  It]  would like *-2 to peg the ceiling on Federal Housing Administration mortgage guarantees to 95 % of the median price in a particular market , instead of *-3 limiting it to $ 101,250 *U* ; [rel  reduce]  [ARG1  *RNR*-1]  -LRB- or even eliminate *RNR*-1 -RRB- FHA down-payment requirements and increase the availability of variable-rate mortgages ; expand the Veterans Affairs Department loan guarantee program ; provide `` adequate '' funding for the Farmers Home Administration -LRB- FmHA -RRB- ; increase federal funding and tax incentives for the construction of low-income and rental housing , including $ 4 billion *U* in block grants to states and localities ; and `` fully fund '' the McKinney Act , a $ 656 million *U* potpourri for the homeless .
-  Kent Colton , NAHB executive vice president , argues that the U.S. faces a multifaceted housing crisis -- [rel  reduced]  [ARG1  affordability]  of homes for first-time buyers , increased homelessness , and lower apartment construction rates -- that *T*-1 will be `` very difficult '' * to solve `` without expanded federal resources . ''
-  But while the NAHB has suggested actions that [ARG0  states and localities]  should take *T*-1 *-3 to [rel  reduce]  [ARG1  regulatory barriers]  , the association has proposed no activist legislative program -- comparable to , * say , its detailed request for more federal subsidies -- 0 *T*-2 to eliminate counterproductive controls .
-  [ARGM-ADV  If *-2 passed *-1 by the voters]  , [ARG0  the recently announced initiative]  [ARGM-MOD  would]  phase out major pesticides , [rel  reduce]  [ARG1  carbon dioxide emissions]  by [ARG2-by  40 %]  , ban new offshore drilling , ban chemicals thought * to deplete the ozone layer , and create a new state environmental officer armed * with a $ 40 million *U* budget 0 * to sue any firm or agency 0 he thinks 0 *T*-4 is being too dirty *T*-3 .
-  Contributing to the selling pressure were *T*-2 dispatches by several investment firms advising [ARG0  clients]  *-1 to boost their stock holdings and [rel  reduce]  [ARG1  the size of their cash or bond portfolios]  .
-  Moody 's Investors Service Inc. said 0 [ARG0  it]  [rel  reduced]  [ARG1  its rating on $ 281 million *U* of senior and subordinated debt of this thrift holding company]  , to [ARG4-to  C]  from [ARG3-from  Ca]  , *-1 saying 0 it believes 0 bondholders will recover only `` negligible principal . ''
-  [ARG0  The rating agency]  [ARGM-DIS  also]  [rel  reduced]  [ARG1  the ratings]  for long-term deposits to B-3 from Ba-3 and for preferred stock to [ARG4-to  Ca]  from [ARG3-from  Caa]  .
-  [ARG0  The rating agency]  [ARGM-DIS  also]  [rel  reduced]  [ARG1  the ratings for long-term deposits]  to [ARG4-to  B-3]  from [ARG3-from  Ba-3]  and for preferred stock to Ca from Caa .
-  The i860 , introduced * earlier this year , is Intel 's entry in the crowded market for [rel  reduced]  [ARG1  instruction]  set computing , or RISC , computers .
-  Finally , according to Mr. Cardillo , the impact of the strong dollar should be reflected *-1 in [rel  reduced]  [ARG1  exports]  in the August merchandise trade deficit , when the figures are released *-2 today *T*-3 .
-  Environmental Systems Co. said 0 [ARG0  it]  is restating its results *-2 to [rel  reduce]  [ARG1  its reported net income for the first nine months of its fiscal year]  after *-2 discovering 0 it took tax credits that *T*-1 already had been taken *-3 last year .
-  The Little Rock , Ark. , hazardous-waste services company said 0 [ARG0  the restatement]  [ARGM-MOD  will]  [rel  reduce]  [ARG1  its net for the nine months ended July 31]  to [ARG4-to  $ 2.5 million *U* , or 17 cents a share ,]  from [ARG3-from  $ 3.7 million *U* , or 26 cents a share]  .
-  They expected a new barrage of demands that [ARG0  Japan]  do something quickly *-1 to [rel  reduce]  [ARG1  its trade surplus with the U.S.]  .
-  He said 0 such results should be `` measurable in dollars and cents '' in [ARG0  *]  [rel  reducing]  [ARG1  the U.S. trade deficit with Japan]  .
-  The gasoline picture may improve this quarter , but chemicals are likely *-1 to remain weak , industry executives and analysts say 0 *T*-2 , [ARG0  *]  [rel  reducing]  [ARG1  chances that profits could equal their year-earlier performance]  .
-  The exchange said 0 it feared that some members would n't be able *-2 to find enough soybeans * to deliver and would have *-2 to default on their contractual obligation to [ARG0  the Italian conglomerate]  , which *T*-1 had refused requests * to [rel  reduce]  [ARG1  its holdings]  .
-  [ARG0  Unseasonably hot , dry weather across large portions of the Great Plains and in wheat-growing areas in Washington and Oregon]  is threatening *-1 to [rel  reduce]  [ARG1  the yield from this season 's winter wheat crop]  , said 0 *T*-2 Conrad Leslie , a futures analyst and head of Leslie Analytical in Chicago .
-  [ARGM-DIS  And]  [ARGM-ADV  if rain does n't fall soon across many of the Great Plains ' wheat-growing areas]  , [ARG1  yields in the crop now being planted *]  [ARGM-MOD  could]  be [rel  reduced]  *-1 , [ARGM-ADV  * further squeezing supplies]  .
-  [ARG0  GM officials]  want *-1 to get their strategy 0 * to [rel  reduce]  [ARG1  capacity and the work force]  *T*-2 in place before those talks begin .
-  Also , the company 's hair-growing drug , Rogaine , is selling well -- at about $ 125 million *U* for the year , but [ARG1  the company 's profit from the drug]  has been [rel  reduced]  *-1 by [ARG0-by  Upjohn 's expensive print and television campaigns for advertising]  , analysts said 0 *T*-2 .
-  [ARG0  Time magazine]  , in a move 0 *T*-1 to [rel  reduce]  [ARG1  the costs of * wooing new subscribers]  , is lowering its circulation guarantee to advertisers for the second consecutive year , increasing its subscription rates and cutting back on merchandise giveaways .
-  [ARG0  The dismissal of the pending suits]  could go a long way toward * clearing court dockets in Texas and [rel  reducing]  [ARG1  the FSLIC 's massive legal bills , which *T*-1 topped $ 73 million *U* last year]  .
-  CenTrust , however , touts the branch sale , *-1 saying 0 [ARG0  it]  [ARGM-MOD  would]  bring in $ 150 million *U* and [rel  reduce]  [ARG1  the thrift 's assets]  to [ARG4-to  $ 6.7 billion *U*]  from [ARG3-from  $ 9 billion *U*]  .
-  CenTrust said 0 [ARG0  the branch sale]  [ARGM-MOD  would]  [ARGM-DIS  also]  [rel  reduce]  [ARG1  the company 's large amount of good will]  by [ARG2-by  about $ 180 million *U*]  .
-  The Senate also dropped a plan by its Finance Committee that *T*-1 would have increased the income threshold beyond which senior citizens have [ARG1  their Social Security benefits]  [rel  reduced]  *-2 *T*-3 .
-  It no longer includes a plan that *T*-2 would have repealed what *T*-3 remains of the completed-contract method of accounting , which *T*-4 is used *-1 by [ARG0  military contractors]  *-5 to [rel  reduce]  [ARG1  their tax burden]  .
-  -- [ARG0  Removal of the U.S. Postal Service 's operating budget from the federal budget]  , * [rel  reducing]  [ARG1  the deficit]  by [ARG2-by  $ 1.77 billion *U*]  .