Word: halting
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...papal entourage came to a halt in front of St. John's Cathedral, a red-brick gothic church in the Old Town that has served as a rallying point for antigovernment demonstrators since the declaration of martial law. John Paul entered the church and descended to the underground crypt to pray in front of the tomb of the late Polish Primate Stefan Cardinal Wyszynski, who died...
...that basis, the note maintained that Washington's authorization of the renewed flights "ignored China's sovereignty [and] hurt the national feeling of the Chinese people." The note added that Pan Am had "gone back on its commitment [to halt Taiwan nights five years ago] and resumed its service without the consent of the Chinese side." Accordingly, the CAAC demanded consultations with the U.S. "at the earliest possible date" to select a new U.S. carrier without Taiwan connections for the China run. At the same time, the CAAC letter took more direct action, terminating...
...Federal Reserve decides that the money supply is growing too fast and slams on the brakes, it could halt the young recovery, which has been under way only since the beginning of the year. In some ways, that economic upturn is stronger than anticipated. Retail sales in May rose 2.1%, their strongest rise in months. But the recovery's true breadth and depth are as yet unshaped. Unemployment is down, but only slightly, to 10.1% of the U.S. labor force, and the 10.1% of the U.S. labor force, and the layoffs...
...chairman declared all-out war against inflation within weeks of his appointment by President Carter. Just two months after Volcker took office, the Federal Reserve announced that it would seek to halt price increases at their source by curbing the growth of the money supply. Previously the Federal Reserve had eased tight-money policies when interest rates climbed too high, but Volcker vowed to stay firm until inflation had been wrung out of the economy. One result: the prime rate reached an unheard-of 21½% in December...
Slowly, however, a transformation has taken place. The Government spent nearly $3 billion to computerize rail yards, upgrade facilities and repair creaky tracks. With the passage of the Northeast Rail Service Act in August 1981, Conrail was permitted to halt traffic on 2,600 miles of uneconomical track, about 15% of its total route network. Some 22,000 freight-service employees, including 5,000 who had job or severance guarantees, were cut from the payroll at a cost of more than $130 million. Last January, Conrail handed its unprofitable commuter service in New York, New Jersey, Connecticut and Pennsylvania over...