5 YEARS AGO THIS WEEK.In yet another major cutback cut·back n. 1. A decrease; a curtailment: "The political effects of food cutbacks could be devastating" New York Times. 2. , the Pentagon canceled Northrop Grumman's $13.3 billion program to build an advanced stealth missile at its facility in Hawthorne just as Northrop's B-2 bomber project was winding down in Palmdale... Financial markets braced for fallout fallout, minute particles of radioactive material produced by nuclear explosions (see atomic bomb; hydrogen bomb; Chernobyl) or by discharge from nuclear-power or atomic installations and scattered throughout the earth's atmosphere by winds and convection currents. from Orange County's bankruptcy filing and the liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy of its massive bond portfolio. |
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