Word: halt
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Dates: during 1980-1989
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...borders, frustrated lawmakers ask an understandable question: Why not unleash the world's mightiest military machine to tackle the task of protecting the nation from this invasion? Thus the House earlier this month passed a wondrously simple antidrug amendment that directs the President and Secretary of Defense to "substantially halt" drug smuggling by air and sea within 45 days. The Air Force and Navy would "locate, pursue and seize" all vessels carrying drugs and "arrest their crews." The military would also provide blanket radar coverage of the entire southern border to detect nighttime flights of contraband. Presto. Pass a bill...
They said that passage would be possible as long as the Senate votes to halt debate by conservative Republicans, a process begaun yesterday by Senate Majority Leader Robert Byrd (D-W.Va.) who petitioned to end discussion. That measure, known as a cloture vote, cannot come up for a vote before Thursday...
Last week Wall Street seemed to get the message. In rapid-fire announcements made on the eve of congressional hearings on program trading, six major securities firms -- Salomon Brothers, Morgan Stanley, PaineWebber, Bear Stearns, Kidder Peabody and Dean Witter -- announced that they would halt index arbitrage for their own accounts, at least for the time being. With the exception of Bear Stearns, which will stop all index arbitrage, the firms will continue to execute such trades for customers who request them...
...cultivating good relations with the U.S., China may have to stop playing the panda card. Last week the World Wildlife Fund and the American Association of Zoological Parks and Aquariums filed suit in federal court in Washington to halt the shipment of two giant pandas from Shanghai to the Toledo Zoo. Experts contend that the endangered species' population has fallen below 1,000 and that the 100 pandas in captivity reproduce at a lower rate than those in the wild...
...restraining inflation will take resolve and courage on the part of the Fed, especially in an election year. But Greenspan can probably muster the necessary determination if he thinks back to the early 1980s, when inflation got completely out of control and it took 20% interest rates to halt the price spiral. No one -- Republican or Democrat -- wants to experience a repeat of that episode...