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Even if the short-term cash-crunch problem is solved, Deukmejian critics insist that the Governor's overall plan for escaping the crisis also contains a strong element of make-believe. The state faces a deficit of $1.5 billion in the fiscal year that ends June 30, partly because state tax collections have been held down by the recession, partly because spending has been kept high by the need to bail out local governments whose ability to levy property taxes was sharply curtailed by the passage of Proposition 13 in 1978. While Democrats have said that they would...

Author: /time Magazine | Title: Special, and Shaky, Effects | 2/21/1983 | See Source »

While the private gifts generated by these local wish lists may ease budget aches, they do not solve the financial crunch. It is difficult to find donations to fill potholes or fix bridges. Admits Athens City Manager Marvin Bolinger: "We aren't going to have a street or a new sewer plant donated. The basic needs still need to be met. But this is just helping with the little extras that you'd like to have...

Author: /time Magazine | Title: Make a Wish | 2/7/1983 | See Source »

...computer crunch hits hardest during the two weeks of Reading Period. "If you were smart, you could have gotten your project done before Christmas, but it doesn't always work that way," said Hunt...

Author: NO WRITER ATTRIBUTED | Title: Computer Students Suffering From Terminal Room Blues | 1/10/1983 | See Source »

Although many of the aquamen said they welcomed the break from studying. Coach Joe Bernal noted the problems in facing the EISL's weaker teams during January's academic crunch. "It's hard for them to keep the conditioning aspect the motivational aspect and their focus facing teams that may not make a demand on them like Dartmouth or Brown [the Crimson's next opponent...

Author: By L. JOSEPH Garcia, | Title: Swimmers Teach Dartmouth a Lesson, Extend Winning Streak to 26 Meets | 1/10/1983 | See Source »

Informed observers look for OPEC's jury-rigged price and production arrangement to survive the winter, when oil demand will be at a peak. The crunch is likely to come in the spring, when homes and workplaces turn down their thermostats as the heating season ends...

Author: /time Magazine | Title: The Cartel Is Losing Its Clout | 1/3/1983 | See Source »

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