Word: crunchings
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Fabulous gold mines traditionally provided the South African government with money to sponsor military adventures throughout the southern part of Africa while controlling the situation at home. But the price of gold plunged from $820 an ounce in 1980 to $300 in mid-1982. A severe economic crunch has resulted, and South Africa is learning the hard way that billions spent on weapons and prisons drain resources and cripple an economy...
Because of a severe housing crunch. College officials received permission from Radcliffe to house some students paying for dining hall meals in the Radcliffe-owned co-ops which in recent years have been partially empty...
...bitter at unexpected burdens, and a few accuse the aid office of passing costs to them or counting on upperclassmen to scrimp and survive the last year or two, rather than leave. Others blame the federal cuts and the new limitations on Guaranteed Student Loans (GSL) for the crunch and are relieved that their packages will still get them by. The common denominator, though, is a feeling of fear, of near-escape. Everyone, it seems, has heard vaguely that some students cannot afford to come back. No one knows just...
...billion bbl., second only to Saudi Arabia's supply. As the pace of oil development increased, public expectations rose, and the government of President José López Portillo launched a bold expansionist program. To pay for imports, private and public corporations increased their borrowing abroad. The crunch came when the current worldwide recession, along with the oil glut, sent prices tumbling for Mexican crude. Meanwhile, high U.S. interest rates increased the carrying cost of the Mexican debt...
...which Israel has 4,000. Nearly 1,000 American artillery pieces, including 175-mm self-propelled guns and 155-mm and 203-mm self-propelled howitzers, provide 90% of the Israeli army's powerful punch. Both the air force and the army rely heavily on U.S. missiles. The crunch in any cutoff of military aid would come only when Israel began to run out of spare parts. Israel buys some $500 million worth of such spares each year...