Word: curtails
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...companies in capital-intensive industries. On Wall Street, which generally shrugged off the tax announcement, that prospect depressed stock prices among construction firms, computer-leasing companies, steelmakers and airlines which are in the midst of a costly modernization program. Some small and medium-sized firms may well choose to curtail their factory expansion. At General Motors, the tax credit amounted to $39 million last year, or nearly 4% of its profits. But G.M. does not plan to cut back on its $1.1 billion spending program (up 28% from last year...
...MEASURES TO COMBAT CRIME. Nixon's emphasis would be on organized crime and racketeering, and he would also attempt to curtail the sale of pornography to minors...
...curtail practice day because of rain," McCurdy the only interruption at night by a nearby donkey who seemed every two hours...
...most disurbing development of all has been Nixon's failure to curtail the quiet intensification of the war in the South which followed the bombing halt last fall. The number of U.S.-initiated ground contacts with enemy forces doubled between November and February, and the New York Times reported several days ago that this trend appears to be continuing. According to no less an authority than Averell Harriman, the recent Viet Cong "offensive" is in reality a response to this stepping up of the ground war by American forces...
Breaking the Psychology. In trying to curtail inflation, the Nixon Administration hopes to decelerate the economy gradually, avoiding the kind of overzealous monetary restraint that helped bring on the last real recession in 1959-60 and contributed to Nixon's defeat by John F. Kennedy. The more immediate danger, however, is that any sign of an economic downturn may tempt the Government to let up too soon on the anti-inflation campaign...