Word: loosening
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...felt stronger as the game went on," said Ubert. "It was really cold at first, but I started to loosen...
...this presidential election year." When questioned about such pressure, Greenspan acknowledged that he and other Fed officials had received a letter in January from Michael Darby, the chief economist on Baker's Treasury staff. Darby argued that the Fed was being too restrictive with the money supply and should loosen up to avoid a recession. Greenspan testified that he had "objected quite strongly" to the letter and had called the White House to complain that it was improper...
...something like that," Cleary said, "to loosen the guys...
...years, many insiders have blamed headquarters. And in fact Big Blue's corporate staff in Armonk, N.Y., was keeping a tight, often stifling lock on decision-making authority. But suddenly IBM is trying to loosen its collar. Last week Chairman John Akers announced a historic restructuring in which the company's top management will transfer much of its decision-making authority to five newly created groups that will act almost like separate companies. "This is a major decentralization," said Akers. "The benefit will be that our management team will spend less time at corporate headquarters and more time with customers...
...stance. National policy now calls for a boost in consumption so that Japanese manufacturers can sell more at home and less overseas. Beginning next year, interest on savings accounts will be taxed at a 20% rate. In the meantime, at least part of the population has started to loosen up. Credit-card use has risen sharply, especially among the young, and some Japanese are going into debt to take vacations or buy TV sets...