Word: tighteners
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Dates: during 1980-1989
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Weakland's committee paid particular attention to positive responses from $ other bishops at last June's meeting of the 280-member National Conference of Catholic Bishops. One bishop, typifying the group's general support for the pastoral letter, told its authors, "Right on! Tighten it up. Don't back off." The letter will be revised once more before being submitted to the National Conference for final approval in November...
Some possible provisions of such an omnibus trade bill might be relatively innocuous or even mildly helpful. Examples: more Government help for exporters, retraining of workers who lose jobs to imports. Other probable provisions look risky but not necessarily bad. For example, there is a strong move to tighten sections 201 and 301 of the 1974 Trade Act, which permit the President to put countervailing duties on subsidized imports and retaliate against the products of countries that restrict American exports. Such actions always pose a danger of hampering the flow of trade, but on occasion they can lead...
...board noted further that the large volume of dollars that the Federal Reserve continues to pump into the economy makes a slump unlikely during the next twelve months. But should the Fed suddenly tighten the money supply, the action could raise the chances of a downturn sometime next year. Board members expect the GNP to expand somewhat more rapidly in the second half of this year than it did in the first, growing 2.8% from July to December. That remains well below the Reagan Administration's optimistic forecast of 5% growth over the same period. Said Charles Schultze, a senior...
Defense contractors and high-tech firms have been notorious for lax security. At TRW, according to Boyce, "security was a joke." He and his co-workers used the code-destruction blender in TRW's ultrasecret "black vault" for mixing banana daiquiris. The Boyce scandal forced TRW to tighten up, and other firms as well are becoming more careful, contend authorities in Silicon Valley. The military is also lax. Says retired Admiral Clarence Hill: "When I was a sub commander in World War II, we never sent anything over four lines. Everything had to be coded and decoded by hand...
...final catchall (or, more accurately, catch-a-bit), the Administration proposes to tighten somewhat the minimum tax on both individuals and corporations. At present, corporations supposedly pay a tax of 15%, and individuals 20%, on income that otherwise would escape federal levies, but there are so many exceptions that a fair number of millionaires and highly profitable companies still pay no tax at all or very little. The Administration intends to make the rate 20% for both types of taxpayers, and to subject more kinds of income to the minimum tax. But though President Reagan made a major point...