Word: crunchingly
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Aggressive fund raising has eased the crunch to some extent. As many as 60 schools are now conducting drives with goals of more than $100 million; three are seeking to break the $1 billion mark. But changes in the tax code have made giving less attractive, and many endowments are still feeling the aftershocks of the 1987 market crash. "How can we look so rich, yet feel so poor?" asks Donald Kennedy, president of Stanford, which faces a projected $11 million shortfall this year...
Campeau has created a vicious cycle in his stores. After losing a combined total of $306 million during the first half of 1989, Allied and Federated face a cash crunch just when they must stock up for the holiday shopping season. In a Securities and Exchange Commission filing made public last week, Allied said its "needs are far greater than its resources...
...faculty began to gear up for an impending crunch in professors, predicted to reach a peak by the year 2000. Graduate school officials launched an effort to reevaluate the scope and timetable of graduate education; a broad-ranging survey of College life was used to start planning for the next generation of undergraduates...
Administrators say the plan, revealed last tall would lessen the faculty office space crunch and provide a focus for undergraduate life, although some students remain skeptical...
Administrators say the plan, revealed last fall would lessen the faculty office space crunch and provide a focus for undergraduate life, although some students remain skeptical...