Word: clamp
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Dates: during 1960-1969
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...harass the company with trustbusters and internal revenue agents raised business hackles as they had not been raised since the days of F.D.R. A number of grown-up businessmen sported "S.O.B. Club'' pins. Behind the anger was the fear that the Government would meddie in every labor settlement, clamp down on every price rise, and thus discourage all businessmen from undertaking any expansion or modernization. Said Chase Manhattan Bank President David Rockefeller: "The steel episode demonstrated the tremendous economic power that the executive branch of Government now wields, and that it is prepared to wield it hard and fast...
Despite all this, no one, including Stahl, was prepared to argue that 1962 was a recession year in the literal sense. Instead, businessmen talk of a slowdown, for which they have some fancy names. Jessie C. Clamp, director of corporate planning for General Mills, calls it a "rolling reconsideration of investment desires...
...boosting productivity, which in Britain has grown at less than half the rate of its European trade rivals. An easy-money boom ("You never had it so good") led to dangerous inflation that threatened to price British goods out of world markets. Chancellor Selwyn Lloyd has had to clamp drastic restraints on wages (the "pay pause") and credit, thereby deeply alienating the traditionally Tory middle class. Though his harsh medicine was necessary, Lloyd's pious manner of dishing it out irked even his colleagues, who term 1962-style austerity "Selwynism...
...economics of existence continues to clamp down on U.S. newspapers, combining into chains seems the surest chance for survival. Fifty years ago, the eight U.S. newspaper groups then in existence controlled 10% of total daily circulation. Today there are 118 chains, with a combined circulation of 27.4 million?almost half the total daily circulation in the U.S. (59,200,000). Since chains not only stifle competition but kill newspapers (generally by merger), their effect has been dramatic. From a high-water mark of 2,461 daily papers in 1916, the number has steadily fallen, to 1,760 today...
...left to go before it breaks through the $11.7 billion floor of gold legally required to back U.S. paper currency and the banking system. Although the Fed can suspend the requirement at will, a drop below that minimum could cause a run on the dollar and compel Washington to clamp controls...