Word: crunches
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Dates: during 1990-1999
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...that selling the properties is easy. The glut of industries on the block, coupled with a global credit crunch that limits the resources of prospective buyers, guarantees depressed prices for even some choice enterprises. "There are just too many projects chasing too little money," says Paul Sacks, president of Multinational Strategies, a New York consulting firm. When finally sold off, many companies are destined to fail in the highly competitive marketplace...
...know that Harvard is facing a slight budget crunch, but things must be pretty bad if the dean of students is forced to make his business calls from a pay phone. In an anticlimactic denoument, The Crimson later learned that Epps had been courteous enough to return his calls from a conference he was attending at Tufts. The phones in the dean's office, we are assured, are working just fine...
...newscasts have gone back to their old half-hour formats. America Tonight, CBS's experimental late-night entry, which was kept alive when war broke out in January, will be pulled from the schedule at the end of the month. And network executives, faced with a war-induced budget crunch, are once again embarking on a painfully familiar task: looking for ways to cut costs...
...government, meanwhile, faces a budget crunch that makes it less willing than ever to help universities expand or update their scientific infrastructure. "The National Science Foundation and others are saying, 'If we've got to set priorities, we'd better do the substance,' " says Joseph Gilmour, vice president for strategic planning at Georgia Tech...
...worries that formerly reliable customers may be unable to reply loans are forcing even the healthiest of banks to revise their management strategies. Cambridgeport Bank started building up a huge reserve against possible future loan losses when the Massachusetts credit crunch began, Keegan said...