Word: crunching
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Dates: during 2000-2009
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...their purchasing power. "Kids today have grown up with consumerist expectations and feel frustrated when they can't maintain them," says Alberto Saco, sociologist at the University of Vigo. "But more frustrating is what is happening to their expectations about work and housing." (Read: "Ireland's Economy: Celtic Crunch Time...
...everything we do. They can walk into a steel plant and immediately find 50 megawatts worth of wasted juice and design ways for it to be captured. There aren't many people who can do what the Castens do. As the price of gas goes up and our energy crunch becomes more acute, however, more companies like RED will surely...
...retraining. Many of these two-year schools, which get about 30 cents for every dollar of per-student funding the Federal Government awards to four-year institutions, have had to let go of faculty or effectively cap enrollment. (See how colleges are bracing for a financial-aid crunch...
...abated. The People's Daily newspaper reported in late June that SMEs have received less than 5% of the total volume of loans. That's not just a problem for private business owners. Because their firms do a better job of creating employment than state-owned enterprises, the credit crunch creates headaches for policymakers trying to limit unemployment during the economic downturn. (See pictures of China doing business in Africa...
USAGE: "A group of well-to-do pensioners who lost their savings in the credit crunch staged an arthritic revenge attack and held their terrified financial adviser to ransom [in] the latest example of what is being dubbed 'silver crime'--the violent backlash of pensioners who feel cheated by the world." --Times of London, June...