Word: pinching
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...when all of these methods have failed to stimulate sales, businessmen in recent months have usually cut production, rather than trim prices in an effort to boost sales. This philosophy is well exemplified by International Harvester Co., which has already felt the pinch of a 7.6% drop in sales. In the last six months, Harvester has trimmed production and laid off 20% of its workers, rather than cut prices. Harvester President John L. McCaffrey feels that, with farm income down and farmers well stocked with machinery, no new buyers would be lured in by a price cut, even...
...think that they can stay under the debt ceiling until the first of the year. To keep from breaking through the ceiling, the Treasury has already suspended the sale of its savings notes, two year securities bought principally by corporations and other big taxpayers as tax reserves. In a pinch, they can cut the number of short-term Treasury bills sold each week (normally $1.5 billion), meet day-to-day expenses by dipping into the Treasury's $5 billion in cash balance and its $1 billion reserve of gold bullion. But both are only stopgap maneuvers...
Mary Goodneighbor, for instance, suffered the indignity of a police pinch in Boston after a triumphant tour of Baltimore. Shielded from publicity by the nom de plume of Irma The Body and an ostrich plume cunningly wrapped about her as a gown, Miss Goodneighbor plys her trade with many giggles and transports of joy. These the censor would call obscene. Little wonder the textile industry is moving southward...
...Ordered by his doctors to take a complete rest, Sir Winston Churchill chose his own pinch-hitter, Acting Prime Minister...
...President Emanuel M. Spiegel of the National Association of Home Builders told a meeting of N.A.H.B. directors in New Orleans that there are "hopeful signs" of a letup in the mortgage money pinch, though the easing had not reached "the builder end of the credit pipeline...