Word: crunchings
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Tramiel believes in depending on as few outside suppliers as possible. Commodore makes its own chips to avoid being caught in a supply or pricing crunch. A ferocious competitor, Tramiel once splashed full-page ads in major newspapers across the U.S. that proclaimed, COMMODORE ATE THE APPLE. For several years, to capture the important education market, he offered schools two PETs for the price...
...increased lending by major governments and the International Monetary Fund has rescued Mexico, Brazil and other developing nations from default. Nonetheless, frightening risks remain. If, for example, the price of oil were to drop rapidly, debt-laden oil-producing countries such as Mexico and Nigeria would face a financial crunch. Said Greenspan: "There might be a financial run on those countries. Lenders could pull their money out and blow a hole in the system." De Vries suggested that existing international agencies like the World Bank may have to be restructured to give them the power to funnel money quickly...
Brazil stumbled into its plight through the type of doomsday scenario that now haunts the world financial community. The crunch began in September, when small-and medium-size banks in the U.S. and elsewhere refused to increase their Latin American loans in the wake of Mexico's brush with bankruptcy. At the time, Brazil, like Mexico, was borrowing from well over 1,000 banks around the world. In Brazil's case, the length of the list was largely a vote of confidence in the nation's financial management, which was considered to be among the best...
Caught in this crunch, many state lawmakers are quick to blame Washington, Reaganomics and a recession that went on longer and cut deeper than almost anyone expected. To be sure, the President's New Federalism initiatives have placed added burdens on local finances by reducing federal aid to states and localities, from $94 billion in fiscal 1981 to $91 billion in fiscal 1982, with a further drop to $81 billion proposed for next year. But there is plenty of blame to go around: in more than a few states, politicians of both parties framed their current budgets with purposeful...
Professor of Government Sidney Verta served " little Almond Joys, Kit Kats, and chocolate-covered wafers;" John Kenneth Galbraith Warburg Professor of Economics Emeritus, offered lollipops; Dean of Freshman Henry Moses provided Suo-Caps and Nestle. Crunch Bars: and Professor of Geology Stephen J. Gould distributed Reese's peanut-butter caps...