Word: tightener
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Dates: during 1980-1989
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...investors turned once more to their favorite sport: watching the Federal Reserve Board's every move. The policymaking Open Market Committee is due to meet early this week to review the state of the economy and set interest-rate guidelines, and many moneymen fear that it will tighten up rates because of the first quarter's strong growth. Federal Reserve Chairman Paul Volcker conceded last week that the economy is facing a "critical period...
...weapons, a treaty banning the testing of new ones, an agreement on avoiding an arms race in space. Opposes build-down idea of removing two warheads for each new one deployed, because he feels it is at odds with the freeze. Advocates Senate ratification of SALT II. Wants to tighten controls on the export of nuclear materials. Urges treaties banning chemical and biological weapons if compliance can be verified...
...continue paying for the inherent contradiction of Soviet society: the desire to be a military superpower while having the economy of a semiadvanced nation. Says Economist Marshall Goldman, associate director of Harvard's Russian Research Center: "The Soviets have the slimmest waistlines in the world. They can always tighten their belts another notch...
...radio talk, the President characterized many schools as "filled with rude, unruly behavior and even violence." But the Government report insisted that measures to tighten discipline "do not require massive spending, only motivation and leadership." School supervisors answer that money is essential for developing programs to give students extra help. California, for example, runs 439 schools, at an annual cost of about $200 million, at which troubled youngsters are given counseling and special attention...
...corporate loans, from 16.5% to 10.5%, and triggered an economic upturn last spring that was much brisker than expected. From April through September, the gross national product, adjusted for inflation, expanded at an 8.6% annual pace. The economy was so exuberant, in fact, that the Reserve Board decided to tighten slightly in late spring, and the prime rate later rose a notch, to 11%. Government figures released last week showed that G.N.P. growth slowed to a more sustainable 4.5% pace in the fourth quarter and that consumer prices rose in November at a modest 3.6% annual rate...