Word: loosening
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...news on inflation dampened Wall Street's hopes that the Federal Reserve Board would continue to loosen credit. Those expectations had run high earlier in the week when major U.S. banks cut their prime lending rate from 10 1/2% to 10%. The reduction could quickly lead to lower short-term interest rates on many loans -- unless it is reversed by new inflationary pressures...
...ocean, they veer directly into farce. The fashionable will soon be ordering their wardrobes in the Cyrillic alphabet: "Yummies -- young, upwardly mobile Marxists -- are emerging in the U.S.S.R. and Eastern Europe, imitating the clothes and music tastes of yuppies." As for international terrorism, travelers to the Middle East can loosen their seat belts: "Developing countries that succeed in preserving their cultures remain stronger and find it more difficult to justify striking out against the West." This intelligence should be a surprise to the Great Satan...
...lawmakers might do two things: override Bush's veto of legislation extending the visas of Chinese students who fear persecution if they return home, and enact economic sanctions stricter than those the Administration reluctantly imposed in June. The disclosure last week that the Administration is preparing to loosen the sanctions by allowing export of three communications satellites to be launched by Chinese rockets did nothing to improve the congressional mood...
Others argue that PR does not really provide for minority representation. Although the system was designed to loosen the hold political parties have on government, many city residents argue that here, a two-party system has simply adapted itself...
This is New York City? Right. Lower Manhattan. Battery Park City. At lunchtime, when the famous New York pace slows to idle, the "suits" from the World Financial Center loosen their ties and go down to the river to join couples, amazed tourists and mothers with strollers. On a sun-splashed October day, this new way-downtown nook hints of the Mediterranean...