Word: crunch
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Dates: during 1990-1999
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...they drive at all, drive little cars, and you know without getting out your high school physics book what happens when big cars hit little cars. Perhaps it is fitting in some Darwinian way; we lowly ones in our eggshells offer minimal resistance as the Trumps and Keatings crunch over us, car phones in hand, on the way to their bankruptcy hearings and leveraged buyouts. Indeed, it seems part of the American Dream to become rich enough to wrap oneself in so much tanklike armor that one barely feels the bump of the riffraff undertire. But now that dream...
...often been told: Soviet military officers are no men on horseback, forever overthrowing political authorities. To be sure, pluralism in the Soviet Union brought out the worst in the army. Senior officers grumbled publicly about reform, and some called for the use of an iron fist. Yet when the crunch came, the army and many of its leaders, including the new Minister of Defense, General Yevgeni Shaposhnikov, stayed on the sidelines. Thus the Soviet army still has a chance to find a place in a stable and democratic successor to the communist Soviet Union. If that is to happen, personnel...
...women and minority writers -- became a lightning rod for conservative attacks. Stanford faces a $95 million deficit in its two-year budget, even if the university avoids being forced to make a major repayment to the government. Kennedy plans to spend the next year focusing on this financial crunch. Faced with austerity, faculty members have their own grievances, and some even complain of Kennedy's emphasis on undergraduate education at the expense of research. William Spicer, a professor of electrical engineering, grumbles, "Don Kennedy has truly lost the confidence of the faculty, and that being - the case, everyone, including...
California's fiscal plight is rooted in explosive population growth. During the 1980s, the state's population swelled more than 6 million, to nearly 30 million; almost half of the new arrivals were immigrants, who put huge strains on welfare, health-care and education programs. The crunch was made worse by plummeting tax collections caused by the current recession and by the limits on new levies imposed by Proposition 13, the 1978 ballot measure that cut property taxes and shifted the lion's share of fiscal responsibility from local governments to the state. Wilson has suggested reversing that trend...
...losses mount, one of Lloyd's biggest problems -- the desertion of its names -- will undoubtedly grow. Lloyd's could then face a capital crunch that would diminish its capacity to take on new business. The number of names providing capital to the syndicates jumped from 7,000 in 1973 to 32,500 in 1988, but has fallen to 26,500 since then, largely because Lloyd's suddenly looks like a risky proposition...