Word: tightening
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Although formal U.S. aid to Iran ended in 1967, the ties between Washington and Tehran continued to tighten. The U.S. gave its blessing to extensive American business investment in Iran; in its heyday the list of major U.S. corporations with operations in Iran looked like a not-too-abridged version of the FORTUNE 500. A sizable army of American technicians -engineers, teachers, military men on training missions-moved into the country. President Carter in his press conference last week asserted that in the Shah's last days no fewer than 70,000 Americans were in Iran. Considerable traffic flowed...
...Offensively we were fine, but I think we need to tighten up the defense a little," Harvard Coach Kevin Hampe said...
...strangely impervious to his coalition's defeat in the Knesset over an amendment to the country's abortion law. Agudat Israel, an orthodox religious party, had joined the Begin bloc in exchange for the Premier's support of its campaign to limit abortions. A motion to tighten the country's laws on the matter was defeated in a tie vote, 54-54, when four members of Begin's own Likud Party voted against it. Agudat Israel huffed that its four Knesset members might desert the coalition, thus leaving Begin with a precarious two-vote majority...
...Volckerism continues to drive up the cost of money and tighten credit much further, the cheering will increasingly be mixed with catcalls. House Majority Leader Jim Wright of Texas is already bitterly denouncing the Federal Reserve for "pouring gasoline on a fire in a misguided effort to put it out." He argues that high interest itself is a cause of inflation because it increases the cost of buying a new home or constructing a new plant. Builders Union President Robert Georgine warned that President Carter's pledge to his workers to "not fight inflation with your jobs" would...
Last spring, Kennedy introduced legislation prohibiting the 16 largest oil companies from acquiring any company with assets of more than $100 million. And he has also correctly pointed out that the hundreds of billions the oil companies reap from decontrol will tighten their political squeeze on Congress and the nation's energy future...