Word: curtails
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...economic wilderness adventure by announcing two weeks ago an anti-inflation program that did not just raise the discount rate--the Fed's interest rate on money it lends to member banks--but changed the very nature of how the Fed controls the money supply. Instead of trying to curtail the boom in credit by manipulating interest rates, Volcker announced, the Fed would henceforth apply direct controls to the money supply, raising member banks' reserve requirements and using other methods to keep cash out of circulation...
Toward that end, Fahd argued that the P.L.O. should curtail its terrorist activities for a time, while the Saudis offered the U.S. their million-barrel-a-day oil production bonus-or "Fourth of July present," as King Khalid described it at the time. Kuwait was brought in on the deal to make use of the abilities of its representative on the current U.N. Security Council, Ambassador Abdalla Yaccoub Bishara...
...tolerate the abrupt trials and swift executions of so many people who have, in his words, "done Satan's work." One longtime acquaintance of the Ayatullah speaks of the "rage and anger he feels toward men in authority," possibly stemming from the efforts of the Pahlavi dynasty to curtail the power and prerogatives of the clergy for the past 40 years. Friends insist that in private the Ayatullah has a keen sense of humor and is a highly emotional man. But an American academic who is an expert on Iran observes, "He is absolutely determined to be serene...
Congress has hardly covered itself with glory either. It has buried such mild conservation bills as one to curtail outdoor lighting displays, and in May the House voted down a Carter plan to set up a stand-by gasoline-rationing plan that could be imposed in a real emergency...
What happens after Memorial Day depends heavily on whether Americans can somehow be persuaded to curtail their driving. Gasoline inventories in early May were not quite 7% below a year earlier, and production was running 3.6% behind 1978. That would be enough to produce a shortage, but one that would be quite manageable with a bit more car pooling, slightly shorter vacation drives, somewhat more use of public transportation...