Word: limiting
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Dates: during 1980-1989
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...auto industry has healthier profit margins than it did a decade ago, partly because the Japanese agreed to limit car exports for several years. But now American automakers are losing market share to the South Koreans. Last year foreign carmakers captured 31% of U.S. sales, up from 28% in 1986. Ford, which racked up an industry-record profit of $1.6 billion in the first quarter, has increased its market share, but mostly at the expense of General Motors, whose share of U.S. sales has plummeted from 46% in 1984 to about 37.5% now. Two weeks ago, GM revealed that...
...Washington by Canadian Prime Minister Brian Mulroney, who has tried unsuccessfully for years to persuade the Reagan Administration to tackle the acid-rain problem. Mulroney last week called the situation a "rapidly escalating ecological tragedy." Even before his arrival, however, Washington rejected a Canadian proposal that the U.S. limit nitrogen-oxide emissions...
...bulk of oil output, the group could boost prices at whim. But as OPEC's share of the world's oil market has dwindled, from 56% in 1973 to 33% today, so has the group's control over prices. OPEC has tried to persuade its increasingly productive rivals to limit their output, but they have nonetheless pumped freely and helped swamp the market. They hitherto saw no reason to cooperate with OPEC, since several of the group's members were cheating on production quotas anyway...
...former three-term Congressman, Hance met with most of the attending ministers and exhorted them to limit production and boost the price of their crude, an activity that has earned him opprobrium in Washington and some appreciation in Texas. Said an Administration official: "It's his personal business. It's nothing we condone, but we can't stop him." Hance contended that he has no interest in any formal alliance with OPEC, but he added, "What they do here in Vienna has more effect on the Texan economy than what the ! state government does in Austin...
...Castroville, Calif., who walked into a Wells Fargo branch in 1981 to borrow $3 million. The bankers, eager for business, approved the loan in 48 hours, Conlan's attorneys say. Yet two years later, when Wells Fargo decided that losses from Conlan's 1,505-acre farm exceeded the limit in the loan contract, the bank refused to lend him more money and grabbed $120,000 from another of his accounts to pay off the debt. Those moves forced him into bankruptcy, his attorneys say. So the farmer sued, and last year a jury ordered Wells Fargo...