Word: clamp
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Dates: during 1970-1979
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...Washington conceded that, if nothing were done to stop the fast climb, it would continue at least until July and perhaps longer. For consumers, the problem of high and rising food prices is literally a gut issue, and they have been demanding with ever greater insistence that President Nixon clamp on controls...
...larger inconsistencies of Richard Nixon's decision to clamp wage and price controls on the U.S. economy 16 months ago was that he had originally opposed the legislation that authorized his move. Last week, in a step that brings the turn-around full circle, Administration officials announced that they will ask Congress for an extension of the law, which gives the President sweeping powers to "issue such orders and regulations as he may deem appropriate to stabilize prices, rents, wages and salaries," before it expires April 30. Nixon evidently plans to do some reshaping of the anti-inflation program...
This summer, the Administration proposed and helped draft legislation that would clamp a $250 billion ceiling on spending and grant Nixon wide latitude in making the necessary cuts to meet that limit. In part, Nixon was motivated by a genuine desire to rein in runaway expenditures. But he was also seeking grounds for castigating the Democratic Congress as a fraternity of high spenders, setting it up as the scapegoat for what seems to be an inevitable tax increase next year. He also hoped to obscure the fact that his Administration had set spending records in spite of his self-proclaimed...
Alternatively, the European governments could clamp tighter controls on currency exchanges and capital movements, mostly in an attempt to keep out dollars, which Common Market countries hold far in excess of their needs. That step is favored by France's Giscard, a vehement opponent of currency flotations. This might quiet the markets, but it would constitute a partial reversal of the post-World War II trend toward freer movement of goods and money across national borders. Some combination of floats and controls is also possible...
...listed some in a private memo. For example, the commission could step up surveillance of supermarket profit margins, try harder to detect possible attempts to sell low-quality meat at premium prices, and insist that stores post more detailed price lists. As a last-ditch measure, the commission could clamp a temporary freeze on retail meat prices, hoping that store owners would then exert anti-inflationary pressure on their supply lines to the farmers...