Word: pinching
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...bigger corporations will snare what they need, bond experts figure that housing, auto finance, small businesses and state and local governments will be starved for funds. This year, the Federal Reserve Board's policy of monetary ease has pushed enough money into the economy to forestall a pinch, but many argue that rising inflation may soon impel the board to switch policy. "We might see the kind of pressures on interest rates and credit markets," says Investment Banker Sidney J. Weinberg of Manhattan's Goldman, Sachs & Co., "that could require direct controls of credit and capital markets...
Willing as they are to go into debt as consumers, as voters Americans tend to pinch pennies. Just a year ago, in an atmosphere of general uneasiness over inflation and rising interest rates, they voted down fully half of the $2.3 billion in proposed public-bond issues that were on the ballot across the nation. Not this year. Facing a staggering $3.5 billion in bond proposals at the polls last week-second highest total in U.S. history-voters enthusiastically turned thumbs...
...market. With all its production concentrated at its huge Indiana Harbor complex in nearby East Chicago, the company sells 70% of its output within a 200-mile radius. In recent years, however, other major steelmakers have rapidly expanded their Chicago-area operations-and Inland has lately been feeling the pinch...
Sooner or later, if the walkout continues, the pinch will get worse. Although the U.S. produces a third of the world's copper, it consumes a bit more than that. The Government's 259,000-ton strategic stockpile, so far untouched despite the strike, equals less than a year's copper needs for defense...
...payment for his party labors, insists that it should go to the strongest candidate. And who might that be? Says Nixon: "In a World Series game, they often call on the seasoned hitter whose re cent batting average isn't so good, but who is reliable in a pinch. The next President must have that same judgment, coolness and poise. It can't be his first World Series...