Word: curbed
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Dates: during 1980-1989
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...final forecast showed the budget gap hitting a record $207 billion this year and then falling gradually to about $145 billion in 1986. Penner's predictions may turn out to be gloomier. Before being named to the CBO post, he warned that if Congress takes no action to curb the deficit and another deep recession hits, the shortfall could reach $300 billion by the late 1980s. While Penner favors cuts in federal spending to help close the budget gap, he also argues that tax hikes are unavoidable. Says he: "The only real questions are how much taxes will...
Outside the Oval Office, the funniest Republicans are in the Senate, Robert Dole of Kansas ("I don't want to say Howard Baker is short, but last week I saw him playing handball against the curb") and Wyoming's Alan Simpson. Among the Democratic presidential contenders, South Carolina's Fritz Hollings is considered the wittiest...
Mugabe has done little to dispel that impression. He has forcefully moved to curb the powers of his main rival, Joshua Nkomo, with whom he shared an uneasy alliance during the seven-year guerrilla war that finally ended the white regime of Ian Smith in 1979. In January, Mugabe's troops killed hundreds of Nkomo's Ndebele tribesmen in Matabeleland, ostensibly while crushing opposition guerrillas. When soldiers raided Nkomo's home in March, he fled to London, where he remains in exile...
...Soichiro Honda, the company's legendary founder, who was known as Old Man Thunder, defied the government, brought out his minicars and built the firm into Japan's third largest auto manufacturer behind Toyota and Nissan. In industries that are growing, MITI has been unable to curb competition. "It's a free-for-all," says James Abegglen, vice president of the Boston Consulting Group, "like a barroom brawl with no mercy shown...
...Part of its enormous $90 billion foreign debt was coming due, and the country had no way to pay. A team of tightfisted negotiators from the International Monetary Fund was in the capital city of Brasília demanding that in exchange for new loans the government had to curb its spending and cool inflation, which reached an annual rate of 180% during the first half of the year. Meanwhile, Brazilians, incensed by austerity measures already taken, were striking and taking to the streets...