Word: crimp
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Dates: during 1970-1979
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...many more companies exceeding their profit-margin ceilings. Alan Greenspan, a member of TIME'S Board of Economists, figures that sooner or later at least one company in every major industry will pierce its ceiling and be forced to cut prices. That, he fears, will be enough to crimp corporate profits generally, because price reductions by one company would have to be followed by all its competitors -including some with narrow profit margins that would be further squeezed...
...from those sales, and Geneen figures that he can reinvest the money-mostly in Europe-in ways that will raise profits by 10% to 12% a year. But the trustbusters have forbidden ITT from making any major acquisitions in the U.S. for at least ten years, and that will crimp its imperial aims at home. Beyond that, the political cloud cast over ITT is bound to affect its relations with customers, including the Government, in ways as yet unimagined...
...amount they pay in local taxes. Even so, Sweden's leading business magazine, Veckans Affärer, has warned that if taxes continue to rise at the present rate, the government by 1980 will be taking 55% of the G.N.P. and will dangerously squeeze industrial expansion. This could crimp economic growth and diminish tax revenues, along with many of the public services that they provide...
...some drawbacks. A study by Otto Eckstein's Data Resources Inc. notes that it would slow the economic recovery by slightly increasing prices. This would crimp sales and production and thus retard a return to full employment. The study estimates that with the VAT the jobless rate at the end of 1973 would be an estimated 5%, v. 4.8% without it. The VAT will meet determined opposition in Congress. Democrats and labor chiefs see it as another regressive levy that adds unfairly to the burden of the poor and the lower middle class. But whatever happens...
...Crimson's major problem at the moment is that it has only five players. "That puts a crimp in the old strategy," Beach admitted...