Word: lids
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...confidence vote came after Callaghan had lost two other votes in a debate on his anti-inflation policy?which galls the unions because it contains a lid on wages but not prices, and pains businessmen because it puts the burden on companies to enforce the wage standards. The first vote was on the issue of sanctions against companies that violate the 5% pay hike ceiling. Five left-wing Laborites deserted the government. As a result, Labor went down to a 285-279 defeat. That led to a vote on the government's entire pay policy, which Callaghan also lost...
...week's end Chinese authorities appeared to be putting the lid on this unprecedented outburst of free expression, which was seemingly confined to the country's capital. One poster went up saying that informal exchanges between foreigners and the masses should be ended for the sake of national unity. Gradually, the crowds at "democracy wall" grew smaller and less demonstrative. Yet even if there were no more public challenges to Maoist orthodoxy, foreign observers were left with two distinct impressions. One was that Peking's outbreak of poster politics had been tacitly authorized by the leadership...
...that was that. Their spirit broken, their tongues lagging from fatigue, the lid was sealed on Harvard's hopes of a major upset. South Carolina churned into second gear with a 28-11 spurt over the next ten minutes that made the score 80-57 with 3:31 left...
That the subject should come up in that form at all is rather amazing. Capital gains taxes are levied on profits realized on the sale of stock, real estate, businesses or almost any asset held for twelve months or longer. As late as 1969 the lid on this tax was 25%; one of the supposed triumphs of the loophole closers of the mid-1970s was to raise that maximum to 49% now, and as recently as a year ago the Carter Administration was preparing a proposal to tax capital gams at full ordinary-income rates, which would have meant...
...erode any feeling of collective security in CENTO. In Islamabad, officials fear that the Shah's troubles might spill over into Pakistan, and in Tehran it is the other way around. Says one Pakistani official: "If the Shah, with all his might and wealth, can't keep the lid on, that will only encourage elements here who would like to see us come apart at the seams." Warns a high-ranking Iranian: "If the Pakistanis start to have really serious trouble with Baluchistan [a province in the west of the country whose tribal population is demanding autonomy], you mark...