Word: tightening
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Second, the Federal Reserve is expected to tighten rates, maybe even dramatically, to try to cool off the consumption boom. An aggressive tightening could wreck whole sections of this market, from cyclical industries like coal and steel and copper companies to banks and savings and loans. Cyclicals need low rates to keep the expansion going. Financials rely on the spread between short rates and long rates for much of their profits, and if the Fed takes up short-term rates, their margins will be squeezed and their earnings could disappear...
...force that now numbers 100,000--just about every viable fighting man in the armed forces--has managed to retake control of nearly 60% of Chechnya. For more than a month, it has laid siege to Grozny, pounding the capital with artillery and aerial strikes while ground troops slowly tighten the noose...
Harvard seemed to have the game under control, but after a quick Niagara goal at 16:54 from freshman forward Valerie Hall, the Crimson had to tighten up in the back...
...moribund economy--a cover for his own socialist blunders and human-rights abuses--why not take away his alibi? Even Cuba's leading dissident, Elizardo Sanchez, agrees. "After the fall of the Soviet Union," he says, "the worst strategy to take against a closed society like Cuba is to tighten its isolation...
...majority of the council recognizes this fact and supports the efforts to reduce membership. But while the council has attempted to tighten its collective waistline three times in the last three years, because the vote would require 75 percent of council support as a constitutional amendment, the strongly supported measures have failed. By taking the issue to the students, the council is hoping to trim the fat once and for all. What was disturbing about the debates on Monday night during which the idea of a council size referendum was introduced was the council members' lack of confidence...