Word: tightness
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Dates: during 1970-1979
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Chester Penza, building commissioner of Amherst, said yesterday the department of public health's ruling is "just an advisory opinion," adding, "we plan to sit tight and wait for our lawyer to review...
...every junior faculty member at Harvard contemplates such bleak prospects. Yet almost every assistant professor here shares anxiety over an increasingly tight academic job market, the tug of war between teaching and research, and the driving need to publish, to gain prominence in his chosen field. The post of junior faculty member itself is something of an anomaly. Not yet established in the profession, the assistant professor stands below the senior faculty in status and in age. But he outranks the graduate student in intellectual achievement and position. As one assistant professor puts it. "Junior faculty are in an intellectual...
Impressive as the dollar's immediate gains were, the greenback will stabilize in the long run only if Carter and the Fed demonstrate that they will stick to a tight-money policy as long as may be necessary to reduce inflation, which could be several years. Meanwhile, higher interest?New York's Citibank led the parade last week by increasing its prime rate to a numbing 10.75%?will raise the cost of borrowing by businessmen to build factories or buy machinery and by consumers to finance new homes, cars or college educations...
...real question is whether Carter and the Federal Reserve will stick to a policy of high interest rates, slower money-supply growth and tight budget restraints when the economy slows significantly and unemployment begins to rise. That goes against Carter's instincts as a populist. Even in his Stage II speech he could not bring himself to say anything about money supply, and some of his politically sensitive advisers wanted to include in that talk a promise of lower interest rates; they were dissuaded only after a drawn-out fight...
...Ford, may be in Chrysler's future. Iacocca is also expected to inject some new pep into the company's dealer organization. The real test of Iacocca's ability will be in how well he can maneuver within the narrow limits imposed by Chrysler's tight financial circumstances. The auto industry has changed dramatically since he introduced the Ford Mustang in 1964: costs are much higher, and so are risks. Whether Iacocca will succeed in turning the company around remains to be seen. But Chrysler is betting a bundle he can do just that...