Word: crunchingly
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Dates: during 1970-1979
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...England was one of the areas of the country most severely hit by the winter energy crunch--schools were closed, cars were locked in the garage, thermostats were lowered and all of us had to curtail many of our activities. But, for all the inconvenience and suffering, Harvard escaped the crisis with relatively few disruptions. Despite the financial implications, the energy shortage has helped teach the University something it would do well not to forget: the meaning of austerity and efficient utilization of available resources...
...facing annual tuition increases approaching 10 per cent, so it appears likely that one effect of the energy shortage will be to cut even deeper into already dwindling funds for educational programs. This, and not the relatively small inconveniences we endured is the most serious consequence of the energy crunch...
With a planning-grant from the Ford Foundation, Horner added para-professional training--as a safeguard for women who could might go jobless in an economic crunch--to the institute's programs. She said in January, "I'm becoming an economic pessimist. I worry that in a no-growth economy we are encouraging women into positions that won't be there. The recession could backfire on women, and we must be prepared for that. The worst thing that could happen is that women who have trained for a career will come out of school only to bump their heads against...
...both Harvard and Radcliffe have considered using some of the apartment space for student housing. Students currently reside in Wolbach Hall, which Radcliffe purchased in the early 1960s and in the Hotel Continental, which Harvard purchased several years ago. There is enough room space available to alleviate the housing crunch at no extra building expense to the University. Lyman acknowledges that such a proposal has been discussed, but both Harvard and Radcliffe officials are reluctant to indicate what factors prevent its implementation or whether they favor such a plan. It is clear, however, that Radcliffe would be sacrificing valuable bargaining...
...squeeze. Arthur Burns well knows that the Federal Reserve must walk a risky and agonizingly delicate line, keeping a rein on credit tight enough to avoid feeding inflation while still putting out enough money to keep the economy from tumbling into recession. He has pledged to avoid a "credit crunch" (a situation in which loans become unavailable for any purpose) and to bail out any banks that get into trouble, even if that means increasing the nation's money supply faster than he would like. In the past few weeks, in fact, the Federal Reserve has lent $1 billion...