Word: tightening
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...higher managerial positions. Backed by Beijing, Ho is also putting the brakes on Macau's casino boom. In April, he froze the issuance of new gaming concessions and imposed a moratorium on new casino projects, beyond those already in progress. In July, Macau's government announced it would tighten visa restrictions for mainland tourists, halving the maximum length of their stay from 14 days to seven and requiring special approval to enter Macau via Hong Kong. The Macau police said the changes would help prevent potential mainland criminals from committing crimes during their stay, but many see the move...
...assume the lesser role of vice chairman -- to Smith's chairman and chief executive officer -- in the new company. Malone had loomed as the * potential big winner of the Paramount fight, the master strategist who would run lucrative Paramount movies and TV shows on his cable systems and thereby tighten his grip on the industry. While that could still happen, the image of Malone as anyone's No. 2 seemed strange. He will certainly be well rewarded for selling out to Bell Atlantic. His TCI and Liberty holdings would be worth about $1 billion in the merged company's stock...
...Yale University School of Medicine, since peer influence has a significant impact on the prevalence of drug use. In the Netherlands, for example, there is a large, vocal and homogeneous conservative population that is staunchly opposed to marijuana, says Schottenfeld. And anti-drug activists have made recent attempts to tighten the country's cannabis policies...
...Policymakers and central bankers are scrambling to raise interest rates and tighten credit to get inflation under control. But these same measures suppress the investment and consumption that generates growth, threatening to put the brakes on Asia's unusually fast and relatively untroubled expansion. Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, estimates that GDP growth in East Asia (excluding China and Japan) could sink from about 6.5% this year to 5% in 2009, the slowest rate since 2001. Inflation, Maguire says, "is the largest risk to Asian growth...
...France New Rules on Immigration On July 7, the European Union's 27 member states unanimously backed an effort to standardize and tighten their immigration and asylum policies. The pact (slated to be finalized at an October summit) was drafted by France, which has made immigration reform a centerpiece of the six-month E.U. presidency it assumed on July 1. Officials rejected criticism that the accord--which calls for stiffer border controls and expulsion policies and an alignment of asylum rules--was intended to crack down on immigration. The proposal reached consensus only after certain elements, including an "integration contract...