Word: binding
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Both the Penn Central debacle and the general corporate cash bind raised concern about the precarious condition of the commercial-paper market (see following story). Like Penn Central, many companies have been using short-term borrowings in that market to finance long-term projects, a classic formula for disaster. Now corporations with anything less than top credit ratings will find increasing difficulty in selling their own notes and bonds, even to refinance existing debts...
...young, while many of our marriages were formed according to the rules of the old. The over-40s may be no happier, but they usually are more resigned or more accepting; the under-30s may be frustrated too, but they at least are not caught in the same tight bind of mixed emotions. Our views on religion are scarcely less confused. Is God dead? Don't ask us. For the majority of us, religion is merely a word, sometimes honored, sometimes...
Protecting Customers. Federal officials reckon that a severe cash bind threatens as many as six other major railroads: the Western Pacific, the Missouri-Kansas-Texas, the Milwaukee Road...
Charlie in a Bind...
...City" and other places in Cambodia help us here Activity in our area has dropped. The V.C. gets his weapons at the store in Cambodia, and if the store is closed, he can't get the goods. And that, my fellow Americans, puts Charlie in a bind. He is now running. (How about a size 9½ tropical combat boot in that mouth...