Word: pinches
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Dates: during 1970-1979
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...pinch is already being felt. Exxon and Texaco notified customers that they are reducing deliveries of oil, gasoline and various refined products by as much as 10%. Other oil companies are expected to follow. The companies are also increasing their oil prices by up to 200 per bbl. Shortages of jet fuel have forced American, TWA and other airlines to juggle supplies to keep operating, and last week National reported that fuel shortages forced cancellation of its lightly traveled New York-Amsterdam flights. At the same time a sudden and unexpected lack of bunker fuel delayed ships sailing from some...
...almost exactly the same amount that was lost during the 1973 Arab embargo, and oil companies are being forced to dip ever deeper into their inventories to make up for it. Last week Texaco, Shell and British Petroleum announced delivery cutbacks to their worldwide customers because of the supply pinch. In the U.S., current stockpiles amount to a 70-day supply for crude. Said Schlesinger to the Senate committee: "As we reach 60 days, one should get quite nervous...
This means a pinch for domestic social programs. Democratic liberals, urban state Governors, big city mayors, many labor chieftains and black leaders all think that their constituencies are bearing an unfair share of the new frugality. They have powerful allies in Washington: the Cabinet members and other high-level bureaucrats who oversee domestic social-welfare programs. These men and women, in turn, have both public and back-door ties to influential members of Congress...
Others agree that the financial pinch threatens the quality of college faculty. Current national studies show that faculty-student ratios have remained fairly constant at 15 to 1 in private colleges, but Harvard's Bok fears that continuing cutbacks in new faculty job openings will have a disastrous long-term effect. Says he: "We are threatened with the loss of a whole generation of able faculty members...
...make everything right, and begin to take advantage of Radcliffe's accessibility and its not inconsiderable resources. The Radcliffe administration, in turn, will have to gain the students' confidence by taking stands on their behalf. With some solidarity, Radcliffe could give pompous old Harvard what it needs--a good pinch in the ass. And 50 years and a few more million dollars from now, perhaps it can begin to assume what all women in this University would so dearly love to see--a partnership on equal terms...