Word: curtails
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...Federal Reserve Board moved again last week to curtail the credit supply by proposing reserve requirements for Eurodollars. Board members want to stem the flood of those dollars that banks have been importing from European branches by the billions and then lending out. The Federal Reserve has misread the economy twice in the past three years and has prematurely expanded credit. It is not likely to do so again until the signs are unmistakably clear that inflation has been reversed. The latest readings of the consumer price index and the leading indicators suggest that what the Federal Reserve...
...high court upheld the FCC in both cases. A license does not mean ownership of the air, said the court, "only the temporary privilege" of using it. Since the air actually belongs to the public, said the court, the FCC's fair play rules increase rather than curtail the scope of free speech...
Inflation has distorted the entire economy. It has forced the Government to raise taxes, curtail its spending for social programs and reduce the supply of money. One result is that interest rates have climbed to their highest levels in a century, spreading turmoil in the financial markets and discomfort in corporate board rooms. Businessmen gloomily foresee a slow year for profits. Consumers, despite their affluence, feel financially strapped and vexed to the point of outrage at the soaring prices they must pay for both the necessities and the luxuries of life. President Nixon says that an attack on inflation...
...camp administration can arbitrarily curtail the time of meetings" with relatives, and "a considerable number of our letters and the letters sent to us disappear without a trace. We cannot write about our situation; such letters always disappear." Thus, the prisoners add, the lawmakers of the Supreme Soviet "will understand how difficult it is for us to defend what remains of our miserable rights...
...bottom. The university . . . will given all the help it can. Yet the choice that faces all Deans or Department Heads is clear: in respect to any new programs, either find new resources, or go without. In respect to the increasing trend of operating expenses, either find new rseources or curtail program...