Word: restrainingly
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...fiscal crisis disrupting the city is not White's fault. He has controlled most municipal spending, but has no legal power to restrain the Boston school committee, which annually overshoots its budget (currently $210 million) by as much as $30 million. Worse, Boston depends more than any other major city on the property tax, but as a result of a statewide tax protest referendum enacted last November, the city must cut its property taxes by 15% a year until the rate is a small fraction of its present total. That means laying off 2,000 city employees by next...
...bench mark prime lending rate first from 19.5% to 20% and then to 20.5%, a mere 1% below the record set last December. The banks were reacting to ongoing U.S. Federal Reserve attempts to tighten credit and rein in the money supply, thus slowing the economy in order to restrain price increases...
...circle is how far he should push that advantage. Secret task forces have been assembled by David Stockman, Director of the Office of Management and Budget, to examine more of the so-called sacred cows of federal spending. The mission: lo find additional billions to cut, permanent devices to restrain the federal hand...
...rates steadily down, Kaufman and Wojnilower strongly dissented. In March Wojnilower warned: "An embedded inflation rate of 10% now has little chance of receding, and it's only a matter of several weeks or months until economic strength translates into greater monetary growth and higher interest rates to restrain it." On April 22, Kaufman criticized parts of Reagan's economic strategy in a speech to the National Press Club. Said he: "The Administration's fiscal policy is exceedingly expansionary and does not pursue a course that fights inflation vigorously." As a result, he contended, the prime rate...
...Syria and Israel braced for a violent showdown that could bring war to the region once again-and one, moreover, that conceivably could drag in the superpowers-the U.S. and the Soviet Union moved swiftly to restrain their respective allies. Caught in the middle, as always, battered Lebanon waited anxiously for others to settle its fate...