We are all prepared to take pay cuts but when it comes down to dismantling everything you've worked for the situation cannot continue.

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To survive, he laid off 10, 700 workers and began shutting down stores and dismantling the nonretail misadventures his siblings had overseen.

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But dismantling the welfare state, or even slimming it down, is not on her agenda.

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Right now, police are cracking down on organised crime while members of the Icelandic parliament, Althingi, are considering laws that will aid in dismantling these networks.

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