Word: restraining
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...powerful miners' union cost the Tories the general elections last February, his more mellow conciliatory tone in the unsuccessful October campaign cost him the support of party hardliners. The right wing also bridled at Heath's use of government intervention to prop up ailing firms and restrain wage demands...
Even after the economy recovers, efforts by Government to restrain gasoline use are bound to hurt the carmakers. There is a strong possibility that Detroit will not soon again match the average annual 3.8% increase in new-car sales that it posted over the past decade. Says Chrysler's Lynn Townsend: "I think to some extent we will see a shrinking of desire for some of the things we always wanted-those two cars per family, two color-television sets and lots of other things. We certainly as a people cannot continue piling luxury upon luxury. There...
...great this "ripple effect" might be is anybody's guess; sluggish demand will certainly restrain some price increases. But some of the guesses are frightening. Senator Stevenson figures that the energy program could eventually raise living costs for the average family by $1,000 a year, or four times the $250 in direct fuel increases that the Administration estimates. A. Gary Shilling, chief economist at the Wall Street firm of White, Weld, fears that price increases forced by energy costs could total not $30 billion but $60 billion. That may be overblown, but if the increases go as high...
...also damage the economy, says the author, by going to capital markets to borrow a large proportion of the money they lend. The practice weakens the Federal Reserve Board's less-than-perfect methods for regulating the nation's money supply and thus undermines Government efforts to restrain the current explosive rise in prices. In addition, by competing with other businessmen for available funds, banks themselves have helped kick up interest rates, which last year climbed to record levels...
...Gross, 75, Iowa Conservative Republican who fought for 26 years in the House to restrain spending: "No effective measures have been taken to stop inflation. The No. 1 thing is to get the budget balanced, do what we ought to have been doing long ago: make expenditures match income. Without that, they can use all the gimmickry known to mankind and it still won't work...