Word: crunched
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Dates: during 1980-1989
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...only feasible action was to write off the entire weekend and gawk at the tourists, visiting college students and wistful alums. And listen--to the hi-fi din of dining-hall parties, to the crunch of empty beer cans against foreheads, and to roommate talk...
That the situation in Panama was confused and information inadequate is nothing new for such incidents. Former Secretary of State Henry Kissinger, a crisis manager of considerable success, claims that in almost every crunch there is never enough information and always uncertainty, and the final decision must frequently ride more on a President's intuition than his briefing books. That is what leadership is all about...
...practice, this means Spence has namedcommittee after committee to report on problemafter problem--from the hiring of minorities andwomen to the office space crunch which is anever-growing problem for FAS and even thepotential restructuring of the Faculty'sgovernance...
Aggressive fund raising has eased the crunch to some extent. As many as 60 schools are now conducting drives with goals of more than $100 million; three are seeking to break the $1 billion mark. But changes in the tax code have made giving less attractive, and many endowments are still feeling the aftershocks of the 1987 market crash. "How can we look so rich, yet feel so poor?" asks Donald Kennedy, president of Stanford, which faces a projected $11 million shortfall this year...
Campeau has created a vicious cycle in his stores. After losing a combined total of $306 million during the first half of 1989, Allied and Federated face a cash crunch just when they must stock up for the holiday shopping season. In a Securities and Exchange Commission filing made public last week, Allied said its "needs are far greater than its resources...