Word: pinched
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...outcome of the tax debate will be of keen interest to the newest force in Japanese politics: women. As traditional keepers of the household ledgers, women felt the pinch of the consumption tax most acutely. In the recent election, that issue galvanized them not only to throw their votes to the Socialists but also to enter the political arena in record numbers. Female candidates increased their numbers in the upper house from 23 to 33; they now account for 13% of the chamber's seats. Half of those elected were Socialists like Doi. The J.S.P. leader, however, downplayed her role...
...economy even more exposed to the effects of a recession. Since late 1982, corporate debt has more than doubled, from $1.1 trillion to $2.2 trillion. Investors in junk bonds, the high-yield securities that account for $225 billion in debt, could be among the first to feel the pinch. According to a study conducted for a group of junk-bond issuers by the economic consulting firm Data Resources, 1 out of every 8 will default if the economy falls into a soft landing. A major recession could produce a 1-in-5 default rate over five years. This year some...
Ferruzzi says its purchases -- a reported 30 million bu. of soybeans in the past 18 months -- were a legal effort to ensure adequate supplies for its customers. Many traders believe Ferruzzi's two largest U.S. rivals, Archer Daniels Midland of Decatur, Ill., and Cargill of Minneapolis, felt the pinch from rising prices and complained to the c.b.o.t. Said one trader: "Older, established firms ganged up on the new, foreign kid on the block." With prices taking a near panic dive, Ferruzzi has already lost an estimated $10 million. Harder hit may be U.S. soybean farmers, who last week...
...next to an ardent Bosox fan. You'll hear stories of the 1967 squad with Lonborg and Yazstremski, the 1975 squad with Fisk, Lynn, Tiant and pinch-hitter extraordinaire Bernie Carbo and the 1986 squad with Clemens, Boggs, Evans and Barrett...
...slaughtering hundreds of black bears in the Northeastern U.S., ripping out their gallbladders and selling them for profit. The gallbladders are dried and ground into powder and sent to Asia, where they are sold for as much as $540 an oz. for "medicinal" purposes. Men who take a tiny pinch of the powder are convinced that it enhances their libido. They believe that if you devour parts of a powerful animal, you will absorb its sexual vitality. And if bear gallbladder fails, they will contrive potions and lotions from the hump of the camel, the penis of the tiger...