Word: restrictions
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Even though superheated consumer buying has helped fuel the economic boom of the 1980s, the heedless lack of saving also poses serious dangers. With too few reserves to fall back on, consumers might have to restrict their spending severely during a recession and thus aggravate the downturn. Other harmful side effects have already shown up. Profligate consumer spending on imported goods has ballooned the U.S. trade deficit, while the dwindling national pool of savings has forced America to borrow from abroad to meet its financing needs. Says Investment Banker Peter Peterson, a former Commerce Secretary: "Correcting the current imbalance assumes...
This has done nothing more than exacerbate the situation, allowing both groups to blame each other and the administration for trying to restrict free speech at Harvard, and allowing the administration to dismiss student concerns as immature and uninformed. This vicious circle can only be broken through a change in the basic university policy...
...which was prompted by the Kennedy School deal, revealed that the cards, which confer privileges to various University facilities, have in some instances been given to donors. While he has termed the distribution of the cards "an excessive desire to be helpful," Bok said yesterday that the University should restrict their...
...Bowen complained that brewers and beer distributors spend $15 million to $20 million a year marketing their products on college campuses, encouraging heavy drinking and "contributing to poor grades, excessive vandalism, many injuries, and not so infrequently, death." Bowen asked Education Secretary William Bennett to encourage university presidents to restrict alcohol promotions on campus. Spuds MacKenzie, the canine star of Anheuser-Busch's advertising campaign for Bud Light beer, is also in the doghouse. This fall the National Association of State Alcohol and Drug Abuse Directors filed complaints with several federal agencies charging that the campaign encouraged kids to drink...
...urban renewal had its rearguard critics, and vital downtowns had their influential advocates. The right laws were passed. Cases were won. In 1965 New York City passed the Landmarks Preservation Law, setting up a commission that could restrict any changes to designated historic buildings; a year later, Congress enacted its version, which established the National Register of Historic Places and provided preservation grants to states...