Word: crimping
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...meshing of new policymaking gears. The general shape of those plans now seems clear. Despite sharp differences over some specific measures, the summit conference produced no overwhelming objections from economists to the basic thrust of Ford's current policies: somewhat reduced Government spending and a continued mild crimp in the money supply. There was also general approval of Ford's plan to ease the impact of an economic slowdown on the poor through tax reforms and job programs...
However, Harvard fund-raisers are very concerned that the usual end-of-the-year bulge in donations will be light this year if the stock market does not turn around before then. This could severely crimp the Harvard and Radcliffe College Funds, the Joint Scholarship Fund and the University's other fund drives...
...Export Crimp. The Soviet reaction to the House action was immediate and angry. The news agency Tass called the amendments "interference in Soviet affairs" and the work of "cold war advocates," which was "at variance with detente." Certainly the amendments do threaten to impede the growth of U.S.Soviet trade. Administration officials have estimated that, by substantially reducing tariffs on such Soviet products as vodka and motorcycles, M.F.N. might increase Soviet exports to the U.S. by $10 million to $25 million a year −a considerable addition to Soviet shipments to the U.S., which in 1972 were only $95.5 million...
Christmas Dimout. The requested ban on outdoor illumination will crimp the plans of many communities and businesses to put up dazzling Christmas displays. Even before the President's call for a blackout, Detroit Mayor Roman S. Gribbs had ordered a "dimout" of Christmas lighting, and has been severely criticized for it. Groused Councilman David Eberhard: "This town needs some joy. If we turn off the color, the sparkle, the life, then we're a dead city." To conserve electricity, the small town of Jefferson, Iowa, stilled the carillon bells that pealed hymns and patriotic music...
...second-quarter profits are running 34% ahead of last year-up from the first quarter's 28%. Particularly vigorous second-quarter profits were reported last week by companies in the textile, lumber, oil and chemical industries. The complicated cost-pass-through provisions of Phase IV are expected to crimp profits somewhat, and Greenspan expects the annual rate of increase to decline by year's end to 20%-which would still be robust...