Word: crunchings
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...Kemp raised the threat of "an economic Dunkirk during the first 24 months of the Reagan Administration." The Congressmen foresaw a multisided crisis: a new recession and rising unemployment brought on by skyrocketing interest rates; "hemorrhaging" federal deficits that would 'fan an already raging inflation; a "credit crunch" caused by excessive Government borrowing to cover the deficits, leaving little loanable money for businessmen and consumers. They also prophesied that unless the Iran-Iraq war ends speedily, world oil inventories will disappear by February or March, leading to "panic" price boosts-perhaps to as much as $50 per bbl. from...
...King's actions in the past week have further antagonized the board, which precipitated the crunch by denying the MBTA's request for more money unless the authority's management was reorganized...
...whom happen to drive foreign cars) judged that the business slump and the rising popularity of gas-sipping models were more to blame. Said Commissioner Paula Stern, 35, a Carter appointee and former legislative aide in the Senate: "I have found that economic conditions-recession, the credit crunch, rising costs of car ownership-and a major, unprecedented shift in demand from large to small cars brought the domestic industry to its present weakened state...
...cent of the immigrants live in "overcrowded" conditions--more than one person per room. "Housing is very tough to find," Hector Miranda, director of the Concilio Hispano, says. "Many people originally staying with family and friends may end up moving to Waltham or other communities because of the housing crunch," he adds. And the Cambridge Housing Authority lacks bilingual workers, he says...
...Biology Labs, the Chemistry Labs and Williams James Hall share the honors with the Science Center; together the four eat up 30 per cent of the Faculty's total energy budget. The University built these structures before the energy crunch, and most of them--like the over-ventilated Science Center--reflect the lack of energy-efficient planning. But energy costs skyrocketed last spring--this year's budget for energy is half again as large as last year's--the Faculty commissioned a group of experts to propose means for reducing needless consumption in those buildings without affecting...