Word: restraining
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...members of the Federal Reserve System; these banks hold 30% of all deposits. The effect will be to tighten the Fed's control of lendable funds throughout the economy. Fed Chairman Volcker will also undertake, in Carter's words, "a voluntary program, effective immediately, to restrain excessive growth in loans by larger banks." That sounds like more federal jawboning to get banks to stop making loans for unproductive purposes, such as financing mergers or speculative inventory increases...
...large audience frequently interupted the speakers, prompting moderator Roger Fisher '43, Williston Professor of Law, to call for order half a dozen times. Partisan members of the audience shouted down questioners several times, and on one occasion a policeman had to restrain an angry man from shouting his opinion. Turki, who also said the Palestinians "would be totally self-deceiving if we didn't see the Camp David accords as totally divorced from reality," drew the sharpest reaction from the crowd and from fellow panelists...
...office in Kaohsiung. Police and military forces cordoned off the building as a crowd estimated at several thousand gathered in the area. When between 200 and 300 of the demonstrators tried to leave the building to begin their march to the park, the authorities tried to restrain them...
Much, of course, depends on the ultimate size and shape of the fiscal 1981 budget that Carter submitted to Congress three weeks ago. The bigger the budget and the larger the deficit, the more difficult it will be to restrain the expansion of both money and credit in the economy and hold price rises in check. Yet one board member after another agreed that much of the budget, which Carter projects to reach $616 billion with a deficit of $15.8 billion, is already expanding out of control. Said Pechman bluntly: "Fiscal policy is simply too loose in this situation...
...expansion makes sense, whether in Japan or overseas. Also, Honda sends 42.9% of its output to the U.S.; Toyota sends 44.6% and Nissan 43.9%. Honda has much to lose if the U.S., which imposes a rather modest 3% tariff on imported cars, raises higher barriers or otherwise seeks to restrain imports, as Britain, France and Italy have done over the past several years. Admits Kawashima: "I would be less than candid if I said I had felt no pressure from the U.S." That observation is in keeping with the principles of the company's founder and "supreme adviser," Soichiro...