Word: restricting
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Dates: during 1980-1989
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...single marketplace in which goods, services and workers can circulate freely, and where competition can reward efficient enterprise. In 1957 the E.C.'s founding treaty promised just such a common market, but although member states dismantled intra-Community tariff barriers, they retained a bewildering barrage of regulations to restrict trade and curb competition. Although Western Europe has no immediate plans to create a common currency, E.C. countries have already made significant progress toward their goal of unstitching the area's patchwork quilt of protected national markets...
Neil Young, who has a new album coming out in October, isn't bothered about restrictions of form, or of age. "Rock 'n' roll is about life, and age is a state of mind," he says. "The music's still wide open. All you need is the nerve, the nerve to do what you want to do." It takes more than nerve, though, to get played on the radio. Ken Barnes, editor of the industry trade magazine Radio & Records, figures that at least 40% of what is available to the whole American radio audience is "classic" or "oldies" rock. Demographics...
...society." Others say the law is a good example of justice made blind. Government investigators indicate that, as originally intended, RICO has significantly dented the operations of organized crime. But Notre Dame law professor G. Robert Blakey, one of its main drafters, insists that Congress never intended to restrict its application to the Mob. "We don't want one set of rules for people whose collars are blue or whose names end in vowels, and another set for those whose collars are white and have Ivy League diplomas," he says...
...exchanges from increased regulatory scrutiny. Last week the House Agriculture Committee voted to boost the budget of the Commodity Futures Trading Commission, which oversees the Chicago markets, from $34.7 million to $44.5 million by 1991. And in a step designed to prevent front-running, the committee moved to partly restrict brokers from trading for their own and their clients' accounts at the same time...
...House handed the President a sharp defeat by approving a defense authorization bill that turned his priorities upside down. By a vote of 261 to 162, the House slashed spending for four major strategic weapons while reinstating the F-14D and the V-22. The House decided to restrict production of the controversial B-2 bomber to just four planes during the next two years, and to authorize those only if the Bush Administration agrees to scale back its $70 billion program. The House also chopped $1.8 billion from the Administration's $4.9 billion request for the Strategic Defense Initiative...