Word: clamps
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...most highly developed capital market in Europe, effectively limits most of its loans to the Commonwealth and the sterling area. France imposes such heavy restrictions on capital that only 15% of the investment of its own businessmen comes from the capital market. The Dutch and the Swiss both clamp ceilings on what they will lend. Most German interest rates are so high-and bankers demand so much control over companies that they lend to-that earlier this year the prosperous Neckermann mail-order house sought almost all of a $10 million loan outside Germany ($1.2 million...
Defending his $3 fine at a recent City Council meeting, Rudolph stated that the penalty was necessary to clamp down on "meter feeders" who monopolize parking spaces all day with eight nickels. However, Vellucci and most Cambridge merchants felt that the "excessive fine" was driving away business and unduly penalizing motorists. The money the Court House has taken from parking fines is exorbitant, Vellucci says...
...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...
...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...