Word: crunched
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Dates: during 1980-1989
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Like many other U.S. savings and loans, Fidelity had been in financial trouble for some time. Last year it lost $56.9 million. The savings and loan was caught in the now familiar crunch between old longterm, low-interest loans and the high cost of raising new money. Linda Tsao Yang, the California savings and loan commissioner, called Fidelity "a victim of high interest rates." Federal Home Loan Bank Board Chairman Richard T. Pratt tried to calm nervous depositors at Fidelity and other S and Ls by assuring them that the takeover was not the beginning of a trend. Said...
...perhaps its most serious resource problem. Last year the Foundation was budgeted at less than $10,000 and although Counter could ask for funds on a program-by-program basis, he has said that this "shoestring budget limits tremendously the things I's like to do." The funding crunch has compounded other problems as well: Counter has spent much of his limited time on the road, trying to raise funds from alumni and outside groups. In addition, his attempts to seek aid from the Black Students Association (BSA), the Afro-American Cultural Center and other minority groups have alienated many...
...rejects toxins and triangles, and even people who jog, and meditates stubbornly on chocolate nut crunch, red meat and salted popcorn. She is intensely aware that it is impossible to smoke while the hands are bound across the chest by hot herb-soaked sheets...
...depresses the prices he gets. But when he examined his ledger over the winter, he usually had something to smile about: annual farm income often rose, and the value of land and machinery soared. No more. The tears flooding rural America this spring are genuine. Caught in a cashflow crunch, farmers are facing their bleakest year since the Depression...
...offices for seats on BranifFs archrival, American Airlines. Last week allegations were made to the Civil Aeronautics Board by unspecified airline-industry insiders that American let the Braniff tickets accumulate, then abruptly dumped them into the clearinghouse hopper in a "dirty tricks" campaign designed to create a Braniff cash crunch and hasten the airline's demise. Though American Airlines dismissed the charge as "absolutely ridiculous," the CAB is looking into the matter anyway...