Word: crimping
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Dates: during 1950-1959
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...months of 1958, under free-spending President Luis Ruiz Cortines, the country piled up a $96 million deficit abroad, a budget in the red by $66 million. LÓpez Mateos reversed course and slashed imports by $20 million a month by whacking public spending. The results: a severe crimp in the construction industry, a mild recession through much of the economy, but a nearly balanced budget and a favorable trade balance of $145 million so far this year. The peso has stayed at a sound...
...Cares? Along with loss of incentive went gross mismanagement by party activists in the communes. Dutifully heeding Peking's clamorous cries for concentration on grain and on backyard steel production (since largely abandoned), commune bosses neglected vegetables, cloth and fiber crops. The result was a severe crimp in Red China's once booming export drive (TIME, Aug. 3), and a vegetable shortage so severe that last month China's cities were informed that henceforth they would have to grow all their own food except grain (TIME, July...
...demands of an expanding economy, is not a peculiar phenomenon of the great American boom. As gauged by interest rates, the U.S. actually has easier money than 23 other major nations. The entire free world is caught in the grip of an unparalleled capital shortage that threatens to crimp the expansion plans of businessmen from Bonn to Bombay...
...Publisher Loeb is made of more carefully tempered stuff than Wisconsin's McCarthy; few New Hampshiremen expect a censure resolution (a questionable step in this instance) to crimp his rambunctious style. A Neanderthal Republican whose father was Teddy Roosevelt's secretary, Oyster Bay-born Bill Loeb, 51, insists that, the G.O.P. is riddled with Communists, in 1952 was one of the few of any party to endorse the late Bertie McCormick's proposal for a simon-pure "American Party." Spry, restless Loeb brags that the Union Leader will print any letter it receives, pointed out a recent...
Worldwide copper strikes last year put a serious crimp in production. Meanwhile, annual world consumption has risen to more than 2 Ibs. per capita v. .6 in 1900. The U.S., where per capita consumption has soared from 5 to 17 Ibs. a year since 1900, now uses more than half the free world's copper production. For example, the electrical industry, which expects to double in size in the next decade, uses 115 Ibs. of copper to generate and distribute each new kilowatt of power...