Word: shorted
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Dates: during 1970-1979
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...score of the first half came in the first quarter for Harvard on a 32-yard field goal by Bruce Tetrick. Tetrick, who has provided much of the scoring for the Yardlings with his booming field goals and accurate placements, earlier attempted a 26-yard field goal that fell short...
...women and labor to be national allies. The way to close the wage gap is to unionize women workers." But some strains between leftists and unionists were evident. At the energy workshop, activists complained about labor support of nuclear power. Building nukes means construction jobs, at least in the short run. On such issues delicate compromises are necessary to keep the coalition together. "I'd like to get the building trades to come out for human-scale, non-corporate solar power," Harrington told The Crimson, "even if they won't endorse our antinuclear position...
...like pallid attempts to imitate Keith Jarret's flourishes. The arrangements do nothing to cover for Hubgaucheries. To evoke Arabia, Hubbard gives us Bedouin ritual music, calling up wailing strings. For a picture of Siberian wilderness, we hear martial strains reminiscent of the Dr. Zhivago score, followed by a short bouzouki solo...
...than the high interest rates is the sheer shortage of mortgage money. Usury laws in two dozen states limit interest rates to below 13%. Thus many banks and savings institutions have stopped making loans because it is impossible for them to earn any profit. Traditional lenders are also running short of cash because people are transferring funds from savings accounts to booming money market funds, which invest money in high-yielding securities and pay twice as much as passbook accounts. Perhaps three-quarters of the savings and loan associations in Chicago have stopped making mortgage deals...
Four New York bond trading houses have failed. One of the victims is Frederick Gorsetman, 34, who, riding along with rising bond business in August 1978, opened his own firm. But when the Federal Reserve drove up short-term interest rates, his firm had to absorb devastating losses on bonds that no one would buy. After three weeks of harried days on Wall Street and sleepless nights in his Riverside Drive apartment, Gorsetman closed his ofiice's front door. Although he is now looking for another job on Wall Street, he says bitterly, "The market stinks...