Word: crunchingly
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...reshaping” of FAS to make up a $220 million deficit over the next two years—but characteristically shying away from discussing specific initiatives—Smith said the six working groups must reevaluate Faculty “excellence” in light of the budgetary crunch...
That's because miners, farmers and oil drillers, hit by the credit crunch, can't finance investments that would increase their production capacity. Many won't invest today even if they have access to financing because depressed prices make projects uneconomic. Indeed, when prices spiked sharply in 2007-08, it wasn't because the planet was running out of natural resources. The problem was that there hadn't been enough investment in many sectors to produce those resources and bring them to market. The recession is making that situation worse. The amount of investment in the oil sector, for example...
...with what has happened since. Half the population of about 13 million is facing hunger; a raging cholera epidemic has claimed more than 4,000 lives since last year; and the economy has continued to be inert, as it has been for almost a decade now. The world economic crunch has not helped the situation. "We are yet to see results of this so-called government. Rates are too high, unemployment is alarming, and cholera is still claiming lives," says Mazvita Gonde, a vegetable vendor in Harare who was once a government clerk. (See how the Mugabe regime tried...
...ways to see the "credit crunch" that helped kick off our broader economic trouble is by looking at how much companies have to pay to borrow money. For the better part of a year, the premium that firms have had to shell out above what investors could alternatively earn on government bonds has been fantastically high...
...more exciting and that much more emotional to play for—everyone’s playing to continue our season, and to be playing to continue our final season is that much more exciting,” Bock said.For Harvard, and its seniors especially, it’s crunch time, and the team wouldn’t want it any other way.“Just being one game behind is very exciting for us,” Vertovez said. “Our bats are alive, everyone’s ready to play, it’s supposed...