Word: crimp
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Dates: during 1970-1979
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...broadcasting colleague Howard Cosell after dropping a unanimous 12-round decision in San Juan, Puerto Rico, last week to 3-to-l underdog Jimmy Young. Young's cover-up tactics and counterpunching created more than another dent in the former champ's fragile ego. They put a crimp in the multimillion-dollar plans of Promoter Don King to get Foreman back in the ring for a rematch with Titleholder Muhammad Ali. After flirting with retirement following his victory over Ken Norton last fall, the aging Ali has signed to fight unknown Italian Lorenzo Zanon for about $4 million...
...remain nagging problems at home. Despite what appears to be a record grain crop in 1976 (about 223 million metric tons), Brezhnev was forced to announce this fall that he intends to plow $228 billion more into the farm sector in the next five years, acknowledging that this would crimp other sectors of the economy. He attacked shortcomings in efficiency and quality, and the "puny, partial improvements" in production of consumer goods, but offered little hope for improvement...
...United Rubber Workers walked off their jobs at plants of the industry's Big Four (Firestone, Uniroyal, Goodyear and Goodrich), starting what had been billed as the big labor showdown of 1976. By June 1, according to most assessments, the walkout should have begun to put a serious crimp in the nation's recovery from its worst post-World War II recession. Instead, as it enters its seventh week, the strike has been only a minor annoyance, and the nation's response seems to be one big yawn...
Morris Udall, whose candidacy may not survive another disappointment, was most severely handicapped by the money crimp. "Pennsylvania," he complained, "may turn out to be a busted play for me because of it." Last week he had to give up his chartered plane and his hopes of coming from behind with a TV blitz, but he did not surrender his candor. For the first time he acknowledged that the ubiquitous noncandidate, Hubert Humphrey, "has a real chance...
ALGERIA: The crimp in oil revenues is expected to force Algeria to borrow up to $1 billion abroad this year. Even so, its industrialization program is falling well behind schedule...