Word: crunchings
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...total number of parkers is down about 3 per cent this year, what with the gas crunch and construction. There has been an increase in carpooling." Burns says. His office compiles lists of prospective carpoolers in given areas for interested commuters...
...crisis atmosphere that currently preoccupies the nation dissipates, voters' attention will turn back to domestic issues. Unemployment is once again on the rise and there are signs of recession for this summer. Meanwhile, inflation continues and it is almost certain that before 1981 there will be a new oil crunch with more gas lines and impatience. The press will soon attack Carter for allowing the artificial period of American unity to slip away without the institution of an emergency energy policy. The advantages of being the incumbent could quickly become disadvantages. Kennedy's recent Lazarus speech presented a clear economic...
Rental housing is becoming scarcer because of demolition, abandonment and especially condomania. In Chicago 60,000 leased apartments have converted to condominiums since 1963, creating a severe housing crunch in parts of the city, notably the fashionable Near North Side. Last year 12,000 New York apartments went cooperative. The trend may accelerate as a result of Citibank's announcement last week that it was making $1 billion in loans available for houses and coops...
...prices of synthetic rubber and other petroleum-based products helped boost the bill for raw materials by 20% to 25%, and the new union contract signed last July could push labor costs up by as much as 40% over the next three years. But even before the cost crunch hit, the industry was suffering from its slowness in the early 1970s to make radial tires...
...remains on the Senate floor as Southern senators filibuster. Sam Nunn of Georgia declares that his colleagues' latest demand was to exchange SALT II for the death of Soviet Premier Leonid Brezhnev. Meanwhile, facing growing criticism on the left, Kennedy announces that he will solve the urban mass transit crunch by placing the MX subterranean missile system on city subways...