Word: tightener
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Dates: during 1960-1969
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...defended his controversial Wiretapping Bill; "most criticism of it has come from those who have not read it," he said. The Attorney General praised the bill both as an aid to law enforcement and as a protection of the individual's right of privacy. The bill would, he explained, tighten restrictions on wiretapping, which is not presently illegal unless information obtained through tapping is disclosed...
Drawing on history to drive home his point, Kennedy blamed "a Republican President and a Democratic Congress" for bringing on the 1958 recession by deciding "to keep the debt limit unrealistically low, to cut back and stretch out budget expenditures, to tighten monetary policy, and reject all efforts at tax reduction." The results: unemployment went from 4% to 6%, the growth rate of gross national product slipped from 4% a year to 3%, and business spending on new plants and equipment fell in 1962 to a lower level than...
...champion of fiscal sanity and free trade, Jacobsson's IMF frequently requires governments to reduce spending, limit credit expansion, drop trade barriers and raise taxes. Few nations willingly accede to such reforms, but the IMF can be tough. Before granting loans, it forced the Philippines to tighten credit and Egypt to devalue its pounds. It temporarily cut off credit to Turkey, Colombia and Brazil for failing to live up to its demands. Despite their balking, underdeveloped nations are anxious to get IMF's approval, aware that it opens the way for millions more in private credits and foreign...
...less than 20%. The stringent new economic program drew anguished cries from employers and the political opposition, but Krag curtly rejected the traditional Danish compromise. Krag's coalition government can undoubtedly squeeze the bill through Parliament by its usual one-vote majority, and the Danes will have to tighten their belts for years of austerity ahead...
More important, Robens doggedly set out to tighten up the operations of the sprawling Coal Board, which employs more than 580,000 people. Shuttling from mine to mine, he patiently explained to the miners the need to close unprofitable mines and automate the remaining ones. His down-to-earth, ex-union leader's approach won the miners' support. With a minimum of furor, Robens has closed 50 marginal mines in northern England and Scotland, moved many of the displaced workers to expanding mines in the Midlands. A 4% raise in miners' wages last year was more than...