And as the arguments rage on over standards of care at Stafford hospital, it's clear that the decisions taken here will send an important signal for other district general hospitals across the country - facing similar pressures to pare back or re-locate services in order to survive.
Earlier in the day, House Republican Leader John Boehner of Ohio called on Congress to pare back non-security government spending to 2008 levels for the next year.
FORBES: Obama, Boehner Show Little Will To Reduce The Deficit
Paul Ryan, the new chairman of the House Budget Committee, maintains that he will pare back non-security spending in what remains of the current fiscal year to the level of 2008.
ECONOMIST: Bickering and stalemate loom for America��s new Congress
The dollar's rally had weighed on Asian currencies this year amid growing expectations that the U.S. Federal Reserve will pare its bond-buying program due to signs of recovery in the U.S. economy, reducing the attractiveness of high-yielding currencies.
Disney has virtually abandoned old-fashioned, hand-drawn animation it is closing its Florida studio and the feature-animation business will pare down to 600 employees, compared with 2, 200 at the peak in 1999.
Mr. Russell, of U.S. Bank Wealth Management, said he had thought the recovery would force the Fed to pare back its asset-purchase program as soon as the third quarter of this year.
To boost returns, Park says, he'll focus on core brands, boost ad spending, pare the number of wine-stock-keeping units and reduce the low-margin private-brand business for European chain stores.
And any deficit-reduction bill, if it is to have teeth, will inevitably ask employees of big companies to pay a greater percentage of their health-care costs, and pare back on retiree benefits.
Again, we always want small-cap exposure, but we did pare it somewhat.
After experiencing stomach-churning plunges in early trading, stocks managed to pare some of the loses in the afternoon.
Kennedy Thompson , chairman and chief executive of Wachovia (nyse: WB - news - people ), is building his insurance brokerage operations while others pare back.
FORBES: Thompson: Wachovia Beefs Up, To Acquire Palmer & Cay
Easy global money has been a factor that has helped the Stoxx 600 gain more than 8% year-to-date, so recent concerns that the Federal Reserve will begin to pare its easing program have weighed on the index.
Amazon.com (AMZN) was highlighted as a weakening stock in our Morning Call yesterday, and selling pressure intensified during the trading session as it broke the 100-day MA. The stock tried to rally in the afternoon to pare some losses but still closed the day down 0.5%.
In the short-term, people are also going to pay for companies that don't just pare their debt but also restructure.
Like all budget carriers, AirAsia wants to pare costs, which is why it refuses to berth its planes at KLIA's expensive glass-and-steel terminal.
Pare off its warty exterior and you'll uncover the royal vegetable within: a perfect, ivory-fleshed, winter alternative to potatoes and other starches.
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