Word: pinching
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Almost everyone has felt the economic pinch. The Boeing Co. has laid off 22,000 workers in the Puget Sound area since January, plans to trim its pay roll from a 1968 high of 101,000 to 45.000 by the end of this year. One of those affected by the cutback, Engineer George Wheeler, recently sold his $28,-000 house in Seattle, and plans to move into a $40-a-month apartment in his native state of Wyoming where he hopes to teach. Electronics firms have laid off 5% of their personnel in Massachusetts. William Kukers, 52, lost...
...Congress. Both bills would establish a Securities Investor Protection Corp. (abbreviated SIPC and pronounced sipic) that would insure each investor's account for as much as $50,-000. SIPC would be empowered to raise an initial fund of $75 million, and eventually $150 million, from brokers. In a pinch, it could also borrow up to $1 billion from the Treasury to pay off customers of insolvent brokers; it would repay the loans by assessing solvent brokers...
...have given Europe a "northward tilt" comparable to the westward tilt that the U.S. has experienced since World War II. But unlike the California-bound Americans, and unlike European emigrants of the past, the migrants in northern Europe have never really unpacked their bags. Strangers to the last, they pinch their pennies, save as much as 70% of their pay, and dream of the day they can go home...
...kept up their borrowing during the money squeeze; their executives simply did not believe that the Federal Reserve would hold down the growth of money supply as long and drastically as it did. Thus they saddled themselves with a debt that must be periodically refinanced. And now a profit pinch limits their ability to repay...
Hoping to repeat its ninth inning comeback against Boston College, Harvard led off the stanza with a walk to Turco. But pinch-hitter Tim Bilodeau hit a hard grounder to short that the Indians turned into fine double-play...