Word: curbing
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...billion) and Mexico ($89.8 billion), have taken drastic measures to rein in their runaway economies, Argentina ($45.3 billion) is still a maverick. Two weeks ago, Argentine President Raúl Alfonsín rejected an IMF austerity demand for cuts in wages and government spending, which was designed to curb his country's 568% inflation rate. Alfonsín sent the IMF a plan that promised workers 6% to 8% wage increases on top of the inflation rate...
WITH A SHRILL blast on the whistle between his teeth the bicyclist announces his apporoach. He whizzes between a Chevy parked at the curb and a bread truck pulled up at the red light and heads into the intersection. There is an oncoming car in the cross street but it is still half a block away, and with a couple of quick pumps on the pedals, the bicyclist is clear...
Ever since the Soviets abandoned the strategic-arms talks last December, Reagan has repeatedly invited them to return. He has offered to open negotiations to curb chemical weapons, and responded favorably to a longtime Soviet request for a treaty banning the first use of force. Meanwhile, the U.S. and Soviets do continue to discuss grain trading, ways to upgrade the "hot line," and how to deal with incidents between their navies at sea. No progress has been made on the crucial negotiations to reduce nuclear arms, but it is significant that Zamyatin did not declare as a precondition...
Cold winter weather settled over Argentina last week, but for President Raúl Alfonsín the heat was on. A team of negotiators from the International Monetary Fund was pressing Alfonsín to curb Argentine wages and government spending as part of an austerity program that would qualify the country for a new $2.1 billion package of loans. At the same time, Argentine labor unions were demanding hefty wage hikes, and about one-fifth of the country's work force was either on strike or threatening to walk...
Just as the advertisements appeared on business pages announcing this latest megabuck merger, a congressional committee opened hearings on proposals by the Securities and Exchange Commission that would curb some of the wheeling and dealing that accompanies such corporate marriages. Colorado Democrat Timothy Wirth, chairman of the House Subcommittee on Telecommunications, Consumer Protection and Finance, is supporting the SEC recommendations. Says he: "The tactics and strategies used by both bidders and targets in recent years have raised questions about the adequacy of current laws to a ensure the fundamental fairness of the takeover process. In the heat of a contest...