Word: limiting
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Dates: during 1980-1989
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...July the Reserve board voted to lift the 1985 M1 limit slightly, to 8%, but to restore the 7% target in 1986. If the board is to meet those goals, it will soon have to rein in the money supply. Martin and Seger voted against the 7% target for 1986, arguing that faster money growth may be necessary for an economic rebound. The Volcker-led majority, however, was worried that too much money would lead to an acceleration of inflation...
...lawsuits. Says Rudolph F. Landolt, president of Chicago's Kemper Group of Insurance Companies: "You have an accident, and everyone involved gets sued. We live in litigious times." Insurance companies blame courts for being far too generous in determining liability and juries for granting exorbitant awards. "There is no limit to it," says Albert Abend, spokesman for Hartford's Aetna. "There are no federal standards. What kind of business environment is this...
...Paris-to-Strasbourg route," the chef says. "It cooks for 14 hours, then it can be kept without freezing or preservatives for eight days. Now I test it in large quantities, then it will be packaged in portions." To Joel Robuchon, not even the sky's the limit. "Who knows?" he says wistfully. "May- be someday men will eat my food on the moon." No doubt it will then be known as cuisine celeste...
...vacations. At many resorts, visitors can immerse themselves in bubbling sulfur baths or inhale herbal steam. At Sochi, where the beach is covered with black pebbles instead of sand, white-uniformed nurses patrol seaside stretches with names like Medical Beach and Health Beach, enforcing a 55-minute limit on exposure to the sun's rays, even for the swarthiest guest. The preferred way for getting a quick tan is to stand facing the sun with arms held aloft. Because of a shortage of swimsuits and suntan oil, beaches are crowded with thousands of pale bodies, some clad only in underwear...
There's more. Down at City Hall, Harvard has consistently used its muscle as Cambridge's largest landlord to oppose new zoning petitions designed to limit real estate development. Even when the community's best interest is at stake, Harvard has pursued its own agenda and systematically opposed height restrictions and preservation measures in Harvard Square. Last spring the University even thwarted a legislative effort to require commercial developers to build low income housing in the city...