Word: pinches
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Dates: during 1970-1979
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...above the prime rate. It also has great psychological importance as a closely watched indicator of credit tightness or ease. When it fell last week, rates also dropped in the bond markets, and buyers crowded in. Stock market investors, who have also been hurt by the credit pinch, greeted the prime-rate cut with a surge of buying that pushed the Dow-Jones industrial average up more than 16 points, its largest one-day gain in two years...
...mixed week, with a definite plus in Laos all but outweighed by a possible minus in Cambodia. The survival of the sanctuary in Cambodia is now in question; supplies coming through Sihanoukville reportedly have been slowed, and some Communist troops may soon begin to feel the pinch of hunger...
...axiomatic that industries most dependent on Government contracts are the first to feel the pinch of a budget cutback. So it is with aerospace, which has become the nation's largest manufacturing employer, with 1,300,000 workers, mostly on the strength of Government purchases stretching back to World War II. Lately the industry has suffered a succession of blows: a slowdown in space exploration, a $6.9 billion cutback in Washington's defense budget, and a fall-off in orders for commercial aircraft. As a result, aerospace-men have come down with a severe case of what they...
...around the giant C-5A transport, which overran cost estimates by $1 billion in development. The Air Force has cut back its C-5A order from 115 aircraft to 81, and the final estimates of the loss to Lockheed have yet to come in. Overall, Lockheed is feeling less pinch than most of its competitors. It expects to increase its total work force this year by 2,000, to 100,000, as production begins on its L-1011 airbus. Similarly, General Dynamics plans no cutbacks in its 70,000-man labor force during 1970 -unless the Air Force cancels plans...
...been through this before," says Russo. "At first it's like a paid vacation, but then you have too much time on your hands, and you begin to worry." The most nagging worry: if Russo is off for six months, he will lose Blue Cross coverage. Money pinch or not, Ray Russo has no plans to look for work because that would wipe out unemployment benefits and supplemental compensation. THE SPACE SPECIALIST. Jose Jimenez (no kin to the Bill Dana comedy character) is a former Navy lieutenant commander who spent the past seven years at North American Rockwell...