Word: tightens
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Dates: during 1950-1959
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...Klein & Saks program. The Congress refused a 20% cut in government staff, and government expenses rose this year instead of dropping, as planned. It also balked at an antitrust bill to curb monopolistic, inflationary practices in the lumber, paper, cement and tobacco industries. Meanwhile, the government itself hesitated to tighten collections of income taxes, which are high in theory but evaded in practice. And the armed services continued to waste money; e.g., the Navy still keeps in commission the Almirante Latorre, probably the only relic still afloat from the 1916 Battle of Jutland, where it was a British dreadnought...
WEST GERMAN INFLATION will be eased by 25% tariff cut designed to spur import of low-cost foreign goods, trim West Germany's $4.95 billion gold and foreign-exchange reserves, which are mounting at rate of $1 billion a year. To tighten domestic money supply the Bank Deutscher Laender (the government's central bank) will also lend $100 million to World Bank at terms of from one to three years at 4¼% interest...
NATURAL GAS BILL to ease Government control of prices stands almost no chance of passing Congress this year, though Administration backed down on its two proposed amendments to tighten price protection for consumers. Senate does not want to get bogged in hot gas controversy, and its Interstate and Foreign Commerce Committee plans to delay hearings on bill until next year...
While the tax loss to the U.S. Government is still comparatively small, Congress fears that the idea may soon get out of hand. But though a few obviously unintended benefits may be knocked out, it will be difficult to tighten the tax laws much without seriously cutting the flow of funds to charities. The great problem for Congress: taxes have reached the point where it is worth almost any taxpayer's time and trouble to avoid the full weight...
...tell. Certainly scholarship money will always be available here for able students who have a pressing need, and Monro hastens to say, no one will be denied admission merely for the inability to pay the full cost. But a 20 per cent increase in students is going to tighten pressure on the Financial Aid Office, and an increase in loans rather than scholarships would be one way of relieving...