She looks down and sees several cuts on his body.

"But it is anybody's guess how long prices could stay below that before we saw a cut in production."

Then I could see a sharp shallow cut about two inches long.

"We hadn't even asked for them, but we're seeing cuts of $10 to $15 a night," he said.

'I have never seen a cut in education spending,' he said.

"I'm getting happier every time I see a new cut of it," he allowed.

Horner agreed after seeing an early cut of the film.

"These companies will be looking for efficiencies, but I don't see major cuts in research and development."

If they are wrong, next year could see ugly cuts and layoffs.

Most economists see cuts continuing throughout the spring and summer.