Word: crunches
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Dates: during 1990-1999
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...crunch began with a dramatic falloff in earnings, particularly for blue- collar males. Between 1955 and 1973, the median wage of men leaped from $15,056 to $24,621. Then, quite suddenly, it started to drop. By 1987 the male wage, adjusted for inflation, was back down to $19,859, a 19% decline. To shore up family income, wives have flooded into the labor market, but their earning power is low. In 1988 the average family income was only 6% higher than in 1973, though almost twice as many wives were at work. In many households, one well-paid smokestack...
...past quarter-century. From the hulking Marriott Marquis hotel in Manhattan to the sprawling Embarcadero Center office % complex in San Francisco, Portman has left an imposing mark on urban skylines. But the Atlanta-based master of the vaulting atrium and the skylighted ceiling faces a severe cash crunch. In October, burdened by more than $2 billion in debt and hurt by low occupancy rates in many of his buildings, Portman surrendered to creditors his control of Atlanta's 13-block Peachtree Center, the cornerstone of his worldwide empire...
...expansion of the past decade are now pushing in the opposite direction. The U.S. and British economies are either in a recession or on the brink of one, and corporations are shrinking their office space. At the same time, developers are feeling the effects of a global credit crunch. Finally, banks are wary of assuming greater exposure in the real estate business. James Yasser, a senior vice president at Milstein Properties in New York City, sounds a familiar refrain: "Everything went right during the '80s, and now everything is going in reverse...
...space crunch for cultural organizations has troubled Smith for more that two decades. Last spring, the need for more space became particularly acute when the college's Black Students Association (BSA) reclaimed the space it had shared with other cultural organizations since...
ROSOVSKY and his staff have said it is too early to predict where cuts will fall and how they will affect undergrads. Dean of the College L. Fred Jewett '57 has promised that essential teaching, security and maintenance will not be squeezed by the upcoming crunch. But with liberal definitions and wide administration powers for budget cuts, students must be wary of any process where they are not included. From shuttle bus service to library hours to student center appropriations, the small reductions can mean a large impact for undergraduate and graduate concerns...