Word: tighten
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Vestiges of pluralism remain, but the Sandinistas steadily tighten their grip...
...committee also announced plans to ask the NCAA convention to tighten the existing rule stating that a student-athlete must be making satisfactory progress towards a degree. The proposal would make college presidents directly responsible for the satisfactory progress of their athletes and call for random NCAA spot checks
This year's push for austerity, though, goes against the grain of most modern development strategies. Essentially, the IMF is telling the world's poorest countries to tighten their belts by cutting government deficits, raising exports, and keeping up payments on a morass of debts to Western banks. These conservative edicts seem to be inspired more by frustration with past approaches--which resulted in negligible growth and huge debts for most of the Third World--than by any renaissance in development economics. Even President Reagan has discovered that economic growth rarely takes place without extensive deficit spending by the government...
...week's end had shown so much clout that the House of Representatives was forced first to delay a vote on the increase and then to tie strings to it by adopting an amendment put forward by Banking Committee Chairman Fernand St Germain. The hastily drafted measure would tighten control over the release of funds to the IMF and discourage banks from making excessive overseas loans. The provisions should improve prospects for the increase when the House takes final action, perhaps as early as this week...
...Council of Economic Advisers under Presidents Kennedy and Johnson: "A percentage point increase on the interest rate would not abort the expansion because it's got a lot of speed-but then it needs a lot of speed." He added, however, that "it would be dangerous to tighten too much." Observes Alan Greenspan, who was President Ford's chief economic adviser: "Higher interest rates now will have very little effect on the short-term economic recovery...