Word: restrict
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Dates: during 1980-1989
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Under the never invoked Credit Control Act of 1969, the President has the authority to ask the Federal Reserve Board to restrict bank lending and/or consumer borrowing in any of eleven specified ways, including flatly forbidding "any extensions of credit under any circumstances the board deems appropriate...
Thus the President could ask the board to put a ceiling on the dollar amount of loans that any bank could make, or restrict particular types of loans, or accomplish the same purpose indirectly by regulating ratios of banks' loans to their capital. He could ask that consumers be required to make larger down payments on purchases of houses, cars, refrigerators or indeed just about anything, and to pay the rest of the price more quickly...
...pirates usually restrict themselves to plundering pop recordings because classical and jazz albums do not sell well enough to make duplicating profitable. Counterfeiters are said to have sold almost as many copies of John Denver's Greatest Hits as RCA, the singer's legitimate recording company. The death of Elvis Presley and the subsequent demand for his songs have been a pirate's gold mine. Among the cloned hits: Jailhouse Rock...
Picketers said yesterday they were fired because they notified the Hoaglands Monday that they were trying to join the United Electrical Radio and Machine Workers, a union which does not restrict its membership to electrical craftsmen...
...recently came under attack for raising interest rates in order to restrict the money supply, a move that could "lead to expectations that inflation will remain high," Oliver J. Blandhard, assistant professor of economics, said yesterday...