Word: crunches
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Dates: during 1990-1999
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...concern is the rising specter of a recession. There is not much disagreement on that among Bush partisans. Richard Lesher, president of the U.S. Chamber of Commerce, views the White House from his office window and allows that "recession is all around us already." There is a severe credit crunch, the banking system is in stress, real estate and durable goods are deeply depressed. "Much rides on the outcome of the Middle East," he says...
...spots range from rising unemployment, which increased from 5.2% in June to 5.5% in July, to falling U.S. corporate profits, which declined 12% in the first half of 1990. Meanwhile, the savings and loan crisis inspired regulators to impose strict new lending standards, which helped bring on a credit crunch earlier this year. Homebuilding, a key barometer of economic health, sank to a meager annual rate of 1.18 million units in June, the lowest level since 1982. Although rising consumer spending kept the expansion rolling during the 1980s, consumer outlays were flat in the first half of this year...
...fact, the law that set the rescue in motion last year was so deeply flawed that it may have worsened some of the industry's woes. For example, regulators imposed strict new lending standards on thrifts and commercial banks; the restrictions helped cause a credit crunch earlier this year. Ironically, many thrifts may go belly-up because of the tough new regulation. The standards require thrifts to have more capital on their books than even some profitable S&Ls had previously carried. As a result, even some well- managed institutions such as Chicago's 68-year-old Talman Home Federal...
...easy to absorb them. When Soviet Jews began to pour in last December, experts warned there would not be enough apartments to house them. With the arrival of nearly 50,000 immigrants so far this year, and another 100,000 expected in the next five months, the housing crunch has come...
...some they feel a bit more ambivalent about. Breakfast, for example, which they take 45 minutes to eat, is often the high point of their morning. But it's just hard for me not to feel a bit queasy when I see Enrico putting sugar on his Captain Crunch and in his glass of milk...