Word: crunches
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Dates: during 1990-1999
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...crunch followed a long skid, and the damage looks heavy. Battered by recession and increasingly stiff competition from Japanese rivals, General Motors lost $1.2 billion in the first quarter of 1991, while Ford lost $884 million, and Chrysler dropped $341 million. Total: an astonishing $2.4 billion, the largest three-month deficit in automotive history. Worse, the Big Three have accumulated $4.5 billion in red ink since last fall, when the gulf crisis shattered consumer confidence, and the companies seem certain to remain in the red for the rest...
BUSINESS: Detroit's Brutal Crunch...
Despite an economic crunch that has hurt most business around Massachusetts, Matted Memories did better this year than at Mayfairs past, Sneidman said...
...lack of summer employment is not limited to Harvard Square. Students at other institutions in the area, along with undergraduates at universities around the country, have also felt the job crunch...
...Harvard students are now feeling the just-before-summer crunch in the rush to find a job before June rolls around...