Word: crimp
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...their minimum lending rate from 6% to a record 61% annual interest. That "prime rate," as bankers call it, applies to borrowing by their bluest-chip corporate customers. Other interest rates throughout the economy scale upward from that level. Bankers predicted that loans will now grow costly enough to crimp small businessmen, capital-goods industries and local government construction projects. Worst hit, as usual, will be new housing, which is uniquely sensitive to a downturn when rates jump-as mortgage lenders agreed they surely will. A more immediate reaction came on the New York Stock Exchange, where the Dow-Jones...
...increased fairly soon and sharply, the Government will pull $17 billion more out of the capital market in the first six months of 1968 than in the first half of 1967. In consequence, capital is likely to become still costlier and scarcer; money tightness has already begun to crimp construction...
While the first batch of Kennedy Round tariff reductions was going into effect last week, a wide assortment of other trade barriers loomed as high as ever. These are nontariff gimmicks designed to impede the inflow of foreign goods. Wine-producing France, for example, puts a crimp on bourbon and Scotch imports by prohibiting all whisky advertising. In Italy, foreign automakers find it difficult to buy prime time on the state-owned television. Switzerland not only restricts imports of milk products but gives special help-including price supports and low-cost feed-to Swiss dairymen whose cows graze in remote...
...Rightly or wrongly, most Americans believe that the bombing of the North, which has drawn pungent worldwide criticism, has fallen far short of its objectives, whether to crimp the Communist war effort or to bring Hanoi to the negotiating table...
...MacArthur's end run into enemy territory during the Korean War -would carry the ground war to North Vietnamese soil for the first time. The purpose would be to seal off the DMZ as an operational base for North Vietnamese regular forces above the 17th Parallel and to crimp the southward flow of Communist troops. The major drawback of any such offensive is that it would still leave unplugged the Communists' infiltration routes through Laos and Cambodia...