Word: crunch
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...that raged through Sydney's domestic terminal, bowling over a baby in a stroller and into the secure check-in area, where waiting associates joined in. In front of horrified passengers, one of the brawlers was allegedly knocked to the ground, and with what was described as a sickening "crunch" fatally bashed in the head with a steel post used to mark passenger lines. As the man lay dying in a pool of blood, the mob fled in taxis. One group was picked up by police in Sydney's south; four men have been charged with affray, or group-fighting...
...costs spiraling out of control again? Yes, the global credit crunch has increased the cost of borrowing, and oil spikes have increased the costs of materials. But ironically-tragically, really-the main problem has been the 30-year hibernation of the nuclear construction industry, the legacy of the incompetence that led to TMI. The specialized workforce of nuclear engineers, welders and other reactor-builders has withered, which means higher labor costs and more delays. Our nuclear industrial base has atrophied as well; for example, the world's only steelworks capable of forging containment vessels is now a Japanese monopoly, forcing...
...schools, and as colleges decide how much they can afford to give, many worry they won't have enough to attract a full freshman class. Because private undergraduate colleges draw an average of 60% of their operating costs from tuition revenue, a student shortfall could cause a painful budget crunch, forcing schools to cut programs, slash faculty salaries and potentially raise tuition for students already enrolled. With admissions letters in the mail, many colleges are as nervous as the high school seniors waiting for word. Nailing the target class size is always "like landing a 747 in your backyard," says...
...that the ship was slowly turning and the problems would be solved. Teachers and police officers were keeping their jobs, he said in his introduction, reading from a large TV screen. Stimulus tax cuts were finding their way into paychecks. Mortgage interest rates were at historic lows. A credit-crunch solution was in the pipeline. "So let's look towards the future with a renewed sense of common purpose, a renewed determination, and most importantly, a renewed confidence that a better day will come," Obama said...
...Ford Motor's lossmaking Jaguar and Land Rover (JLR) business. Since then, demand for luxury vehicles has tanked, sales of Tata Motors other models have softened, and the company faces a looming deadline to refinance $2 billion in loans for the JLR deal. "That's a major cash-flow crunch for them," Jajoo says. The company is pursuing several options: floating shares of Tata Motors, rolling over the JLR loan at a higher interest rate, and getting a bailout for JLR from the British government. "Tata Motors is progressing on the refinancing options and discussing with banks," a spokesman said...