Word: crunch
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Miller says the board was acutely aware that Radcliffe was facing a financial crunch. Despite a fundraising campaign that was chugging into its seventh year, Radcliffe was burning money on unusually high administrative costs. From the beginning, the board realized it might have to sever official ties with undergraduates. Only then could it sell Radcliffe's buildings and land to Harvard--worth a considerable sum in the overheated Cambridge market...
...Postwar surge of veterans causes housing crunch...
...think his policies have been very good," Feldstein wrote in his e-mail message. "He dealt wisely with bringing down inflation, he responded well to two financial market crises (the 1987 stock market crash and the 1998 credit crunch), and he has helped to advance important improvements in deregulating the financial sector...
With the cushion of a strong endowment and a successful Capital Campaign, Knowles does not currently face a budget crunch, which might require a more direct tie between tuition and per-student cost...
...increase in class size accompanied the housing crunch. Francis J. Heppner '49 remembers that "some of the lecture classes were just huge," with more than 1,000 students...