Word: outflows
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Dates: during 1980-1989
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Besides pinching the inflow of drugs, the Government has tried to squeeze the outflow of profits. Since 1980 the Treasury Department has required financial institutions to report any transaction involving more than $10,000 in cash, a step that has sharply limited the ability of trafficking tycoons to invest or spend their money. In the past year the Government has clamped down on twelve major banks that failed to file the forms and may have been accepting drug money, wittingly or otherwise. In January the Treasury Department fined BankAmerica a record $4.75 million for such offenses...
...arrangement announced last week by Grinspun at the joint annual meeting of the World Bank and the IMF, Argentina pledged to clamp down on its money supply and credit, push up interest rates (currently 15.5% for deposits) in order to encourage savings, slow inflation, and stem the outflow of money from the country. Argentina also said it would try to chop the deficit in the biggest areas of public-sector spending from its level of 11.4% of gross domestic product in 1983, to 8.1% this year and down to 5.4% in 1985. In addition, Argentina indicated that it will take...
Since early May, Continental has been eroded by the most relentless run on a major bank since the Great Depression. At least one-third of its $30 billion in deposits has drained away. Despite an unprecedented $7.5 billion in emergency loans from the Government and 28 private banks, the outflow could not be stemmed. The banking system's difficulties in helping one of its key institutions have diminished public confidence in all U.S. banks. Even though each deposit up to $100,000 in a federally chartered financial institution is insured, many Americans began wondering about the safety...
...Federal Reserve and dozens of banks began supplying billions in funds in an effort to stop the panic. A package of more than $10 billion in loans was offered, but it was only the FDlC's pledge to protect all deposits, no matter how big, that halted the outflow of funds...
...aliens' homelands so that the immigrants keep coming, in numbers that even police-state controls would be hard put to stop. Indeed, to the extent that Simpson-Mazzoli succeeds in slowing the stream, it might replace one problem with another: new strains in U.S. relations with Mexico. The outflow of workers functions as a kind of safety valve for that country, providing an escape for people who cannot be usefully employed in the Mexican economy and would contribute to social and political unrest if they had to stay home...