Word: limits
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Dates: during 1980-1989
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...morning of Aug. 2, Iranian Oil Minister Gholamreza Aqazadeh approached Sheik Ahmed Zaki Yamani, his Saudi Arabian counterpart. The two men talked for about 90 minutes in Yamani's suite, which had a sweeping view of Lake Geneva. Since OPEC members were unwilling to make long-term promises to limit their oil production, Aqazadeh reasoned, Why not try an interim measure? He suggested a temporary return to the group's 1984 quota of some 16 million...
...criticism. Some investors claim that Kohlberg Kravis leverages its deals too far, loading up the bought- out companies with a debt burden that could be fatal in a recession. Another development that may derail Kohlberg Kravis is the federal tax reform movement, which appears likely to limit some of the write-offs that help make LBOs such lucrative investments. That prospect has already slowed the pace of most Wall Street LBO specialists, with the notable exception of Kohlberg Kravis...
Alarmed at the political implications of a sputtering economy, Kadar as far back as 1979 put a brake on imports, including technology. But that left key industries without necessary new equipment. And consumers resisted efforts to limit foreign luxury goods...
...TUNA SANDWICH? In 1972, when 304,000 dolphins were lost to the nets, Congress passed the Marine Mammal Protection Act, which specified that dolphin kills by commercial fishermen were to be reduced in theory to "insignificant levels approaching a zero mortality." Further legislation, passed in 1984, fixed a numerical limit on the dolphins that could be killed by the U.S. tuna fleet: 20,500 dolphins a year...
...NMFS acknowledges that the fleet this year is already approaching its limit. "If the killing continues at the present rate," says Charles Fullerton, director of the agency's Southwest region, "the fleet will reach that (number) in September." Pressured by the environmentalists on one side and the tuna fishers on the other, the agency is still debating its next step...