Word: tighteningly
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Dates: during 1970-1979
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...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...
...Afghanistan, where settling old political scores through the barrel of a gun is practically a tradition, the coup was relatively tidy. The rebels struck just after the Daoud regime had sealed the country's borders to tighten security before a meeting of foreign ministers of 25 non-aligned countries that was due to begin in Kabul late this week. Though some 200 people had died in five hours of fighting in the capital, by week's end the new rulers appeared to be consolidating their power. Their first priority seemed to be to explain to Afghanistan...
...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...
...Somali threat also prompted Haile Selassie's Ethiopian government to tighten its control over the self-proclaimed separatists in Eritrea--the half-Moslem, half-Christian province that is Ethiopia's only outlet to the Red Sea. With the U.S. refusal to supply arms to them in 1963, the Somalis accepted Soviet MIG's, artillery weapons and armed personnel carriers in exchange for Soviet rights to the port of Berbera. This led Kenya and Ethiopia--already friendly to the U.S.--to ask for a step up of arms shipments to them. The U.S. subsequently supplied both with obsolete Pentagon reject weapons...