Word: crunches
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Dates: during 1990-1999
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Some banks throttled their lending down so sharply that Government leaders began to fear a full-fledged credit crunch. In a candid statement released May 18, the Federal Reserve said concern about the scarcity of credit had contributed to the central bank's decision at a policy meeting last March not to raise interest rates, despite worries about inflation. Federal Reserve Chairman Alan Greenspan and other top regulators later urged banks during an extraordinary May 10 session in Washington to continue making loans to credit- worthy customers. Said Greenspan at the meeting: "If you have zero loan losses, then...
...year 2005, such an announcement could greet the passengers crammed into the slim fuselage of the last Concorde in service. But frequent Concorde flyers will be happy to learn that the crunch may never come. Last week British Aerospace and Aerospatiale of France said they will spend $36 million over the next five years to study the feasibility of a second-generation supersonic jetliner. It is a high-flying ambition. The current Concorde, operated by British Airways and Air France, has a range of 4,000 miles and a payload of just 100 passengers. Concorde II would fly twice...
...minimize the damage, companies want to plan carefully for the crunch. But so far, no one knows how deep the cuts will be or exactly where they will fall. A lobbying war has broken out in Washington as companies, cities and states battle to preserve their defense contracts. New York's Grumman and its supporters carried out a lobbying campaign -- described by one opposing Senator as "ruthless" -- to keep alive its F-14D carrier-based jet, and won a contract for 18 new planes at $75 million each...
...current state fiscal crunch is much worse than the woes of other Northeastern states because politicians here "don't have the guts to pass a tax package or tax cuts," Nelson said. "The problem isn't getting solved...
...while its junior seminars have been lauded, Government is facing a crunch caused by a 45 percent increase in concentrators over the past three years and difficulties in finding new faculty, Peterson said...