Word: curbed
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Dates: during 1980-1989
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...even better, said Narongchai, were it not for tensions between the country's major ethnic groups. Wealthy businessmen of Chinese descent are nervous about the government's long-range plans to keep giving the native Malays a bigger role in the economy. Moreover, the government intends to curb its spending because of a persistent budget deficit that now totals 12% of the gross national product. Partly for that reason, growth may slip next year...
Mondale also misrepresented the provisions of the Simpson-Mazzoli bill, which is designed to curb illegal immigration into the U.S. in part by imposing fines on employers who knowingly hire illegal aliens. The Democratic nominee objected that the bill "requires employers to determine the citizenship of an employee before they're hired . . . I don't think we should have a citizenship card." The bill says nothing about a citizenship card. It would require job applicants to produce documents-Social Security cards, drivers licenses, temporary work permits-indicating that they are legal residents of the U.S., not necessarily citizens...
...office, the prime rate has gone from a high of 20% to a low of 10.5%, while mortgage rates during his term reached 18.5% and hit a bottom of 12.6%. David Levine of the Sanford C. Bernstein investment firm in New York City thinks that a slowing economy will curb credit demands. As a result, he forecasts, the prime rate could fall to 9.5% by next June. In contrast, Irwin Kellner, chief economist of New York's Manufacturers Hanover Trust, fears that rates are headed the other way. Reason: the Federal Government will be borrowing heavily to cover...
...small sacrifice for the good of all in the form of modest increase in its taxes. He and his cronies think the deficits will go away through growth and budget cuts, yet this Administration has actually done nothing to improve the long-term prospects for economic growth or curb the rate of growth in government spending. Experts point out that even under best-case scenarios for the deficit, growth would have to be continuous for the next half-dozen years, hardly the stuff of reality. And as for budget cuts, Reagan hasn't made a dent: he has merely replaced...
...past five years and American policy there historically has not helped the cause of peace or reform, but there is no guarantee that a different Reagan policy would have changed this for the better. What cannot be doubted is that U.S. backing of the regime, coupled with pressure to curb the "deathsquads" and improve social and political conditions, gave the Salvadorans the margin of time they needed to avoid both a right-wing authoritarianism and a far more permanent left-wing totalitarianism. Just this week we are witnessing the long-awaited fruit of American resolve in the first meeting between...