Word: crunchingly
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...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...
Even if the city manages to escape from the present short-term dollar crunch, in the long run New York City is obviously going to have to start cutting back. The question is how-and where. First of all, there has to be some kind of rollback of pensions. It is doubtless too late to do anything about pension contracts for people already retired or serving in the city government. But it is essential that pensions be renegotiated for new workers coming into the employ of the city. Rather than brutally lopping jobs, it would be more equitable...
...Horner both pointed to the problems of the economy, unemployment, dwindling natural resources and the energy crunch to illustrate their points...
...period are again pressing for hefty wage increases, threatening the competitiveness of Italian exports. Still the government, having restored Italy's international credit, now feels able to pour at least $26 billion in the next four years into the economy to revive investment that stagnated during the credit crunch. Last week the Bank of Italy cut the discount rate to private banks to 7%, from a high of 9% last December. Despite the ever-present threat of a government collapse that could add fuel to the Communist Party's bid for power, international financial experts now rate...
Essick did say that the money crunch has been felt on the swim team's road trips. They often have to put three athletes into a hotel room meant for two people and they are no longer able to stay overnight on most road trips...