Word: curbs
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...curb that hysteria, and depoliticize the issue, the federal and state officials must draw up inform national regulations. The policy should include a plan for costly on-site waste incineration--a process which many feel may help solve transportation risks--and regional low-level dumping sites. Incoherent federal regulations governing transportation of hazardous materials must be tightened...
...essential problem, as the Saudi Minister Sheik Ahmed Zaki Yamani admitted during a visit to Washington last week, is that OPEC has "lost control" of price levels. It is now up to the oil-consuming nations to limit price increases by curbing demand. Yamani's point is well taken. The only reason that Libya and Iran have been able to lift prices so much so soon is that, despite an international agreement earlier this year to curb imports, demand for oil continues to grow at a time when Iran's internal problems and lack of technical expertise threaten...
...just such evidence of economic strength that two weeks ago led Federal Reserve Chairman Paul Volcker to push up interest rates to new highs and announce new measures to curb the inflationary growth of the nation's money sup ply. But the money stock actually expanded by $2.8 billion in the first week after the "Volcker Package" was announced, and the Fed immediately began tightening credit and forcing up interest rates still further. This drove the Dow Jones index of industrial stocks down an extra 24 points last week, renewing memories of the Great Crash that occurred 50 years...
...with satisfaction and anticipate the future with optimism." His successor, Herbert Hoover, said that the U.S. would soon see the end of poverty. Only a few public figures raised doubts. One of them was Financier Paul Warburg, who warned in March 1929 that unless the Federal Reserve acted to curb speculation, there would be a collapse and "a general depression involving the entire country...
...Volcker is headed in the right direction," says the director of economic studies at Brookings. But Pechman fears the move will increase chances that the recession will be longer and deeper than expected. He says that "unemployment will hit 8% sooner than expected" and might go even higher. To curb inflation without pressing down too hard on the economy, Pechman wishes that the Carter Administration would institute a more vigorous wage-price policy to supplement the Federal Reserve moves. Says he: "We ought to try, somehow, to have business and labor moderate their price and wage demands...