Word: clamping
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...easily set off still another monetary crisis, one which would make Europe's brief speculative spree last May seem mild by comparison. Already there are enough dollars circulating in the Eurodollar market to empty out Fort Knox several times over. The deeper danger is that European governments will clamp stern controls on the international exchange of money-particularly on the inflow of dollars-and that the U.S. will put equally rigid controls on the import of goods. In Washington, there is much discussion of imposing surtaxes on imports. Any of these steps would damage the system of free trade...
...section of Bonn, Foreign Minister Walter Scheel argued that a floating mark would foul up the Common Market's system of farm price supports, which assumes set relationships between the currencies of the Market's six member nations. Bundesbank President Karl Klasen contended that Germany should instead clamp on tight exchange controls in order to stop the inflow of unwanted dollars. The government could, for example, forbid citizens to borrow abroad and order commercial banks not to pay interest on dollar deposits...
...demoralizing American forces while picking up considerable foreign exchange. With the exception of a few teenage "cowboys" and bar girls, Vietnamese shun heroin, which they regard as declassé and crass compared to opium. Virtually all of it goes into American bloodstreams. In efforts to get Saigon to clamp down on traffickers, the U.S. has already offended the sensitive pride of Vietnamese sovereignty by insisting on stricter customs inspections...
...this does not mean that nothing at all should be done. If some have a right to pornography, others have an equal right not to have it foisted on them. The New York State legislature last week passed a law that, if signed by the Governor, ought soon to clamp down on Times Square. This kind of regulation would not put pornography back under the counter but it would at least remove it from the shop windows and posters. As for obscene mail, another unpleasant invasion of privacy, 500,000 orders have already been received by the Post Office...
...centers of power, see it as a burden rather than an advantage to tack the bill for additional services onto the already strained city budget. To avoid the onus of deleting established and popular services when federal CDA money dries up in 1974, these fiscal conservatives have chosen to clamp down now, by effectively shutting off old programs and enlarging the veto power to prevent new ones...