Word: crunches
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Dates: during 1990-1999
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...persistent credit crunch has its roots in the go-go lending years of the 1980s, when banks and savings and loan associations issued an extravaganza of careless loans to real-estate sharks and corporate raiders, oil drillers and developing countries. "All you had to do to get a loan in the 1980s was have a pulse," says Jon Goodman, vice chairman of California United Bank. The resulting avalanche of bad loans forced the U.S. to allocate nearly $100 billion to bail out the S&Ls and set aside a $70 billion credit line for cleaning up the banks. To prevent...
...result will be a federal effort that will rank as, to quote Jimmy Carter's response to the energy crunch, "the moral equivalent of war." Much more money will be funneled into public schools to upgrade them physically and boost teachers' salaries dramatically. Teaching will become, as it was in the past, a hero-like profession that lures some of the brightest college graduates. A massive public relations campaign will promote teaching as a career and learning as a central theme of national life...
Shiny, happy leader of The Crimson. Mucky muck medicine man. Crunch cruncy. Head of Haitian secret police. Wears love beads...
...addition, Coop managers have frozen theirsalaries, unlike executives at many companieswhich have continued to spend freely despite therecession cash crunch...
...Gillen used expert testimony and thousands of newly declassified documents to prove his point: that key officials of the CIA had blindly served the White House in circumventing Congress by providing aid to the Nicaraguan contras in defiance of the Boland amendment. Concedes a CIA veteran: "In the crunch, as an institution, it failed the people...