Word: crunch
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Dates: during 1980-1989
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...real estate industry in Cambridge took advantage of the housing crunch of the '60s and used its power to drive up rents and increase its profits. Great for them, but what about the meat packer that has to pay that rent every month? So now, we have rent control. I am the deciding vote that makes it law. I have used my power as an elected official to restrain the collective power of the entire real estate industry in the City of Cambridge. They hate me. Every election they organize to defeat me. But on the first of every month...
...times, it was the driest of times. Devastating summer storms pounded places begging for relief from flooding, while the scorching sun broiled farmlands thirsting for rain. For the first time in three years, a full-blowing hurricane slammed onto the U.S. mainland, rumbling through Texas with a counterclockwise crunch of 115-m.p.h. winds. Galveston was swamped. Window panes popped from Houston's glass-and-steel towers, spewing shards over the streets below. What was hell in Texas held out some heavenly hopes for parts of the parched heartland, where the corn is withering on the stalks. But Alicia...
There is speculation that if the economic crunch continues, Iraq's military leaders and party officials might band together and ask Saddam Hussein to resign. But it is also possible that the prospect of an Iraqi collapse would so worry Saudi Arabia and the other gulf states that they would substantially intensify their efforts to keep Saddam Hussein afloat...
With the Mexican economy in a crunch, and with other countries in Central and South America racked by political instability, the steady stream of illegal immigrants is turning into a flood. "Simply put," Attorney General William French Smith told a congressional subcommittee, "we've lost control of our borders." Along the 2,000-mile southern frontier, seizures are 30% to 50% higher than last spring. The northern border is emerging as a convenient back door for refugees from the Caribbean, Europe and the Middle East, most of whom can enter Canada without a visa; the flow there...
DIED. Alfred M. Gnienther, 84, four-star U.S. Army general who was right-hand man to Generals Dwight Eisenhower and Mark Clark in World War II and European commander of the North Atlantic Treaty Organization from 1953 to 1956; of pneumonia; in Washington, D.C. Gruenther was able to crunch huge amounts of data down to the essentials, earning the nickname "the brain." Recommended for the NATO post by Ike, Gruenther kept Allied forces in such a high state of readiness that some NATO members concluded, to his distress, that they could cut their troops and attend to other commitments...