Word: tightener
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...show that the economy is in far from perfect health, most major banks raised the bench mark prime lending rate first from 19.5% to 20% and then to 20.5%, a mere 1% below the record set last December. The banks were reacting to ongoing U.S. Federal Reserve attempts to tighten credit and rein in the money supply, thus slowing the economy in order to restrain price increases...
With the Pope speaking so effectively, Italy's pollsters are cautiously predicting that the referendum to tighten the abortion law will win. A recent survey, commissioned by the Milan weekly Panorama, indicated that 60% of Italian voters-and 63% of the women-would approve the restricting referendum...
...Saudis could tighten up world oil supplies at a stroke by simply cutting back on their "excess" production. But the desert kingdom, for now at least, is holding output high and depressing prices, ostensibly to force other OPEC members to support a Saudi plan to link the price of oil to inflation and the value of key world currencies. Such a pricing formula would bring about a moderate but steady long-term rise in petroleum prices...
Faculty members agreed that the Council is not trying to avoid pressure to tighten its rules limiting professors' activities outside Harvard...
...Reagan Administration is trying to cut back drastically on such student loans. Its motto is: "Families and students-not the Federal Government-should be the first source of funds for education expenses." Its goal: to tighten standards of loan eligibility and require larger family contributions to college costs. Under present law, any student can obtain an annual loan of up to $2,500 for four undergraduate years (plus $5,000 for a year of grad school). Parents can borrow an additional $3,000 to help foot college bills that at schools like Harvard, M.I.T. and Stanford next fall will exceed...