Word: dampener
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...power, Muldoon's National Party will probably try to dampen inflation and reduce the $970 million balance of payments deficit by imposing import restrictions and reducing or eliminating subsidies aimed at protecting consumers from rising transport, postal and electricity costs. Promising "a year of belt tightening," Muldoon could be in for rough times with organized labor...
...average, 31% below last year's spectacular highs. In the quarter ended Sept. 30, Exxon's profits were down 31.2% from a year earlier, Gulfs 36%, Texaco's 38% and Mobil's 17%. The slide in earnings, plus the new price rollback, is certain to dampen oilmen's enthusiasm for much needed exploration. U.S. production of crude is in its fifth consecutive year of decline. And though oil companies completed drilling a record 25,729 domestic wells in the first nine months of this year, they have not found enough new reserves to offset...
Harvard's strong freshman teams journeyed to New Haven yesterday hoping to end their seasons on a bright note against Yale in a prelude to The Game. Unfortunately, the Elis and a continual downpour conspired to dampen their spirits, as the football team lost, 10-3, and the soccer squad bowed, 3-1, to Yale's JV team...
...Economists, foresees an increase "perhaps to 8½% by year's end." Meanwhile, Chase Econometrics, a subsidiary of the Chase Manhattan Bank, believes short-term rates could go another one to 1¼ percentage points higher. If the cost of money does indeed reach that level, it could dampen consumer and corporate spending, pinch off the fragile turn-around in housing and-at the very least-slow the economic recovery...
...White House and the Democratic congressional majorities differ deeply not just on details but in their philosophical approach to the problem of holding down imports and making the U.S. less dependent on foreign crude. The President would like to rely almost exclusively on higher prices and taxes to dampen demand for oil and encourage production of more domestic petroleum. Generally, the Democrats favor reducing fuel consumption by conservation measures and some form of Government allocation. But the Democrats are so deeply divided on the best mix of measures that their progress toward drafting any energy legislation has been tortuously slow...