Word: curbed
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Dates: during 1980-1989
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When Tory Leader Brian Mulroney campaigned for election last summer, he promised voters that his party would curb Canada's nationalistic economic policies and open the way for more foreign investment. Now he is keeping that pledge. Last week Prime Minister Mulroney's government introduced a bill in Parliament that would reshape the Foreign Investment Review Agency set up by former Prime Minister Pierre Trudeau...
That sort of security is useful nowadays in Bogotá. U.S. and Colombian authorities believe the bombing was the work not of leftist, anti-U.S. terrorists, but of a powerful Colombian drug mafia intent on discouraging recent efforts by the two governments to curb the country's multibillion-dollar cocaine and marijuana industry. In response to a U.S.-Colombian move to extradite 78 Colombian dealers to face charges in the U.S., unnamed drug barons three weeks ago threatened to kill five Americans for every Colombian extradited. Colombian police believe that the prime target of last week...
Certain basics are beyond compromise. But many policies can and should be stopped or moderated in exchange for something else. American aid to resistance fighters in Afghanistan, for example, should continue. But eventually the Soviets might be willing to curb certain actions elsewhere in the world in exchange for Western accommodation over Afghanistan. The willingness to deal at the right moment is essential...
...officials at the U.S. Treasury and Federal Reserve Board. They feared that developing countries would become economically and politically unstable if credit was denied. In 1976 Arthur Burns, chairman of the Federal Reserve, began cautioning bankers that they might be lending too much overseas, but he did nothing to curb the loans. For the most part, they ignored the warning. Financiers were confident that countries like Mexico, with its oil reserves, and Brazil, with abundant mineral resources, were good credit risks. Recalls a former Chase Manhattan banker in Asia: "The world beckoned, and there was a strong feeling that...
Unions agreed to curb their wage demands if companies would hold the line on prices. The pact helped slash inflation from an 11% rate only 18 months ago to its current level...