Word: crunchingly
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Dates: during 1970-1979
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...state corporation that is raising money for the city. (Older, higher-yield MAC bonds have been holding steady in price.) The EFCB and city hall are fashioning a new, presumably realistic budget for the present fiscal year, which Beame will announce on Oct. 20. In December, though, the money crunch begins anew: the city will have to come up with more than $3 billion over six months to meet a variety of obligations, including past debt coming due. Unless the Administration begins to recognize the urgency of the matter, the specter of default will then loom larger than ever...
...sure, the crunch isn't as bad for some people as for others. Around Harvard, at least, the feeling is very strong that women aren't having quite as hard a time of it. "A very good, top-notch woman has got a better chance at this point than a top-notch man," McKinney says. "Though in the soft fields, it's hard for everyone." It is "now almost the rule, not the exception," Brendan Maher, chairman of the Psychology and Social Relations Department, says, for letters from universities advertising openings to specify interest in finding qualified women or minority...
Hall's relations with University Hall have become particularly strained on several occasions during the past few years. Two years ago, when the College administration was considering whether to lengthen Christmas or semester break in order to cut down on energy costs during the height of the crunch, some in University Hall felt that Hall was meddling too much in their affairs. At a press conference to announce the decision to extend Christmas vacation, Dean Rosovsky finally tried to quiet Hall, saying flatly, "Now Steve, I don't think we want to air our dirty laundry in public...
...employment by 3,100, Pan Am has lowered its break-even point from a too-high 58% of seats filled to an acceptable under 50%. Still, the airline slipped back into the red by $4.7 million during June, and a huge loss for all 1975 appears inevitable. A new crunch will come in the fall, when Pan Am's $125 million line of short-term credit expires and a consortium of U.S. banks will have to decide whether to make more loan money available...
...cash crunch has less to do with inflation and recession than with indifference and resistance in Washington. C.R.L.A. is one of 269 local legal-services programs created after 1965 by the now extinct federal Office of Economic Opportunity. In OEO's heyday, its young lawyers lustily sued local authorities across the U.S. on behalf of poor clients, and smarting officials went raging to Washington to throttle the federally funded upstarts. When the Nixon Administration began dismantling the OEO during the early '70s, legal services began to atrophy. But the successes of the OEO lawyers so outweighed their excesses...