Word: crimp
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Presuming that they are obeyed, the guidelines will crimp bank profits by holding rates on many loans below the level that they would reach if there were no restrictions. Even so, the new system, which by no means satisfies Patman, might be an improvement on present conditions. Right now, banks complain, money that they would like to reserve for loans to small businesses and consumers is being swallowed by big corporations rushing to borrow at a bargain prime rate; the 6½% prime that Burns has temporarily forced down the banks' throats is significantly lower than...
...that would halt incipient overbuilding. Now, however, the National Association of Home Builders fears that starts will fall 20%, to around 1.9 million, the lowest since the recession year of 1970. That would be about twice as sharp a drop as first anticipated, and enough to put a painful crimp in builders' profits and hardhat payrolls...
...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...