Word: crimping
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...that the Administration will primarily reduce scheduled increases in the Operations and Maintenance account, which covers spare parts, ammunition and training. In contrast to slowdowns in weapons procurement, which take years to be reflected in actual outlays, an O. and M. slash would reduce Pentagon spending quickly, but also crimp efforts to solve what many defense specialists regard as the nation's worst military deficiency: the inability of many units to get ready to fight immediately...
Higher interest rates, of course, are like a plague on the economy. They not only feed inflation by pushing up borrowing costs for business, but they crimp the ability of consumers to buy on credit, which cuts down spending on everything from homes and cars to vacations in the country. The result is lower corporate earnings, and that in turn drives down the value of stocks...
Just as the high rates crimp the Government, so too do they squeeze businesses. Customers have less to spend, company overhead goes up and profits disappear. In recent months, that grim pattern has become a fact of life for more and more businesses. The gathering retrenchment is an important reason that practically every major indicator of future economic activity, from orders for machine tools by businesses to the issuance of construction permits for new homes, is now flat or pointing down...
...power plant is still a hollow shell, a $230 million testament to Harvard's failure to realize that striving for efficiency sometimes leaves people angry. Two weeks ago, 57 people who spend eight hours a day inside MATEP decided that they'd had enough, and put a temporary crimp in Harvard's plans. But in another two weeks, a state bureaucrat who has spent eight hours a day for a year thinking about MATEP will tell Harvard whether it can install its diesels--a decision that could ruin those plans permanently...
Frank Lounsberry, a state police sergeant involved in the investigation, said the arrests will put a "crimp" in local heroin and cocaine traffic...