Word: binding
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Several ways out of the bind are under consideration. H. Johannes Witteveen, managing director of the International Monetary Fund, is setting up an "oil facility" that would accept deposits from oil producers and lend the money at bargain rates of about 7% interest to nations that have trouble paying for petroleum. Unfortunately, he has collected pledges for only $3 billion in deposits, an amount far too small to be of much help...
Equal Footing. Seawell contends that the only long-run way out of the bind is a combination of subsidies to cover increased fuel costs and a major restructuring of the U.S. international air system. Both are needed, he maintains, to put Pan Am and T.W.A. on an equal footing with foreign competitors, most of which are nationally owned and totally subsidized. Foreign competitors also benefit from discriminatory landing fees and route restrictions that deny U.S. airlines access to profitable routes...
...there's a simple order beneath it all. The eight largest members of each team bind together in a straining crowd of bodies that's called the scrum...
...operators see no quick way out of their bind. "We need 50? a lb. to break even," says Bill Webster, president of the Colorado Cattle Feeders Association, "but at just that level the consumer seems to stiffen. We can't sell there." In similar circumstances executives in other businesses might elect to keep then" products off the market until prices rose. But the feeders cannot readily do that: the critters go on gobbling expensive corn, put on still more pounds-and packers pay less per pound for overweight steers than they do for pleasingly plump ones, because the additional...
Watson said he hopes students realize his "financial bind...