Word: crimp
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...assume that the Fed's orchestration of the highest interest rates in five years would alone be sufficient to discourage borrowing and spending. Through the first half of 1979, business was actually slowing somewhat as a result of bad winter weather and the gasoline squeeze, which together put a crimp in consumer purchasing. The Fed even began to fear that its seemingly draconian interest rates were pushing the economy headlong into recession...
...recession will be fairly mild and brief, and the market will be slowed only temporarily by the crimp that a downturn would put in corporate earnings...
Government research grants now total $4.5 billion a year, in the case of some universities, up to 40% of the total operating budget. The audit crackdown is likely to put a serious crimp in the already strained relationship between academia and the federal bureaucracy...
...problems of Resorts stand to hurt other gaming companies that are planning to open casinos in Atlantic City. Applicants will now get especially close and careful scrutiny, and many openings will be delayed. This may well put a temporary crimp in the earnings and stock prices of such companies as Bally, Caesars World and Golden Nugget. As for Resorts, the betting on the Boardwalk is that the commission will vote as it has in the past: 4 to 1 in favor of a license...
...recent weeks Congress has grown uneasy about the size of the deficit, but instead of acting to limit spending, a movement is gaining ground to reduce or delay the $25 billion tax cut that Carter plans for October. Doing that might crimp the growth of the economy. It would be far better to reduce spending and use part of the savings to cut taxes...