Word: crunchingly
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...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...
...gross national product on new plants and equipment, about 10%. Japan has been plowing back nearly 20%, Germany and France 15%. Businessmen have not been able to invest as much as they might like in productive machines in recent years, partly because of a profits squeeze and a credit crunch. In addition, much of what they have spent has gone for probably necessary but essentially unproductive pollution-control devices. There is, however, one good sign: businessmen are stepping up purchases of modern productive machines, including new automated steel-twisting braiders that can double the output of older machines and robots...
...could be right. The first fully automated editions of the News have been averaging only about two-thirds the normal size of the paper. Powers thinks the crunch will come when the News attempts to print huge Sunday editions, ordinarily 300-700 pages. "We're testing the capabilities of the equipment," he says. "Or maybe they...
...also denies that any motive beyond serving the needs of the people exists for its dogged pursuit of a project that will cost a fortune in the middle of an economic crunch, waste energy in the middle of an energy crisis, and irreparably harm the environment in the middle of a surge of environmental consciousness...
...litany of presidential loyalty. Herschensohn is used to such intrusions. He has been pursued into his home after hours. At hotel stops there are often lists waiting for him - names of the Nixon hard core who are rising to do battle in this time of the impeachment crunch. He loves it. He loves Nixon...