Word: restraining
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...agent but a superstar under that condition. The proposal is designed to damp the salary explosion that has occurred since the reserve clause, which bound players to their original teams, was overturned by an arbitrator in 1975. Today even middling players are being given $300,000 contracts. Unable to restrain themselves, the owners demanded statutory relief. Said Houston Astros Owner John McMullen: "You just can't permit salaries to keep escalating like this." The players won some major pocketbook concessions. The minimum salary for a first-year player, now $21,000, goes to $30,000 this season...
Borrowed money is the plasma of U.S. business. It provides the energy to build factories, finance inventories and meet payrolls. But across the nation, businesses large and small have watched their borrowing costs zoom as the Federal Reserve slowly tightens credit in an attempt to restrain inflation. While this credit pinch affects every business, it is especially serious for small business. And what is serious for small business is serious for the economy as a whole...
Beyond reining in consumer expectations, several basic, if familiar, steps are necessary. The first is to reduce the previously excessive growth of money and credit in order to restrain demand and restore stability. Federal Reserve Chairman Paul Volcker has started a series of necessary credit-tightening measures to restrict demand. The second step is to limit severely government spending at the federal, state and local levels. The third step is to increase the supply of goods by giving tax incentives for saving and investment and to relax the regulations that force business to channel scarce capital into projects that...
...House Subcommittee on Commerce, Consumer and Monetary Affairs, began hearings on the silver collapse and its effects on other financial markets. The Commodity Futures Trading Commission, which has earned a reputation for being the Keystone Kops of federal regulators, came under heavy criticism for doing little to restrain silver speculation before the market's collapse. On a tape of a CFTC meeting played at last week's hearing, Commissioner David G. Gartner blithely queried: "Do you think there's any possibility the Hunts are just having fun, just horsing around? Like playing Monopoly like...
State and federal help to the cities must increase. In the meantime, Cambridge must do its best to restrain spending but not at the price of eliminating needed services...