Word: tighteners
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...forced him to reduce the size of the tax cut he proposed from $25 billion to $15 billion. Meanwhile, the House Ways and Means Committee has scrapped one "reform" provision after another. Deductions have been retained for state and local sales and personal property taxes. A plan to tighten deductions for medical costs and casualty losses has been scaled back. The celebrated "three martini lunch" will remain fully deductible for businessmen...
Harvard's expansionist days are numbered, as rents and building material costs rise, making construction an expensive proposition. So Wyatt's main goal for 1978 is to tighten up and straighten out the situation. As of now, he cannot predict how long the transition to the new corporation will take. The first objective is to find a chief executive officer--a real estate professional who will be chosen from either inside or outside the University, who will then choose staffers for the corporation...
...recession and are off on another binge." He puts most of the blame on the Federal Reserve's easygoing and often erratic money supply policies. Sprinkel believes that the Fed eventually will do better under its new chairman, G. William Miller, who has stressed that he will tighten supply to fight inflation. Last week the Fed raised its discount rate for lending to member banks from...
...could tighten the rules so that there would be fewer entries and undertake to read more of them. This would put less emphasis on the confusingly named journalism "juries," making them what they are in fact, preliminary screeners...
...budget deficit the U.S. can tolerate. If the deficit is not reduced below $61 billion, Miller has warned, the Federal Reserve will restrict the money supply and raise interest rates as an alternative way of fighting inflation. The Fed already has moved twice in the past two weeks to tighten up; last week, in response, Chase Manhattan Bank raised its prime rate on business loans a quarter point, to 8¼%. Democratic Economist Otto Eckstein says that a $25 billion tax cut would be "guaranteed to fail" if it leads to a tighter money policy. He favors both delaying...