Word: pinching
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...Pinch That Hurts...
...enough in 1967 to pose the question: Can the nation sustain a seventh consecutive year of expanding prosperity? In his Economic Report and Budget Message to Congress last week, President Johnson answered with a qualified yes. He said the U.S. could curb inflation, avoid recession, ease the painful money pinch, and still expand economically. This could be done, moreover, while the U.S. continued to prosecute the war in Viet Nam and expand social security and welfare programs at home. But, said he, "neither the threat of inflation nor of recession is ever distant in a high-level economy...
...domestic market has been weakened by a couple of upstart Jeep-style sports models: International Harvester's Scout and Ford's Bronco. Moreover, the profit margin on sales to the military, still a large chunk of the company's U.S. business, has felt a pinch. As a result, Kaiser Jeep owes its 1965 operating profits of $4.9 million (on sales of $311 million) mostly to its overseas sales...
...state directors of the Selective Service are another force for the status quo. Most state directors hold reserve commissions, and in a pinch they could put pressure on Congress through the powerful National Guard lobby...
...that enabled them to start their own businesses. With finances too meager for them to qualify for ordinary bank loans, they borrowed their capital on easier terms (51% interest, up to 15 years to repay) than many a blue-chip corporation could arrange amid today's tight-money pinch. The loans came from the Small Business Administration under Title IV of the 1964 antipoverty law, which aims at helping the poor in depressed neighborhoods to become self-employed and to put struggling little firms on a sounder footing. To that end, SBA has just raised the maximum loan from...