Word: crunch
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Dates: during 1980-1989
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...housing dead? That same question was asked 15 years ago during a credit crunch when mortgage rates reached a then phenomenal 6.5% after hovering for years at around 5%. Even in today's market, experts are not about to dismiss the U.S. housing industry. High interest rates have made the market stagnant, but they have also created pent-up demand among the baby-boom generation, who are now in their 30s. New housing is currently being built at less than half the 2 million-a-year rate needed just to keep up with those potential buyers. Robert Sheehan, director...
...everyone swoons over Haagen-Dazs' Rum Raisin or rushes out to get Baskin-Robbins' flavor of the month (last month's offering: Condorman Crunch). Some gourmets prefer to make their own, some prefer what they find in the supermarket. TIME asked several notable ice-cream addicts to reflect on their favorite flavors. The answers...
...feast begins in late April or May, when the caterpillars first emerge from their eggs. As they finish off one tree, they swing easily to another on silken threads they secrete. Their vagabond life accounts for the name gypsy. Millions can infest a small wooded patch. As they crunch, dropping excrement and half-eaten leaves, they sound like steady rain. Some homeowners complain that the noise actually keeps them awake. The caterpillars crawl up walls, spread over driveways, drop into plates and glasses at backyard barbecues. Last month Massachusetts officials got a call from a badly flustered woman. So many...
...produces the F/A-18 Hornet fighter, is already short of such specialized tradespeople as jig-and-fixture experts and plaster patternmakers. Says Donald Smith, director of the University of Michigan's industrial development division: "A recovering economy and a boom in defense orders could create the biggest industrial-demand crunch we've seen since 1941." Though the skills squeeze is hitting just about every sector of industry, the most worrisome shortages are looming in the machine-tool trades. Nearly all big manufacturing firms employ skilled people who work with metal. But, more and more, large firms have come...
Secretary of State Alexander Haig, says Baldrige, "grasps the jar firmly with both hands, peers with great intensity into its depths and searches until he finds two red jelly beans. These he pops into his mouth - and there is an audible crunch as he masticates them into oblivion." Concludes Baldrige: "The man just doesn't like the color...