Word: crunch
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...considerable danger is the threat of an outright credit crunch. That would occur if the Federal Reserve's tightening up of money, and the resulting rise in interest rates, reach such levels that borrowers found it impossible to get money on almost any terms. Such a squeeze occurred in the summer and fall of 1974, and almost immediately forced businesses to lay off upwards of 2 million workers because of the unavailability of even short term credit...
When the GSA report was released in February 1975, opponents greeted it with skepticism, filing requests for the original consultants' reports, which they felt had found problems where the GSA summary dismissed them. Sensing a long-term court battle and feeling the steady crunch of inflation, the Library Corporation--whose representatives in Cambridge had tried unsuccessfully to placate resident' fears--announced it would not build both the museum and archives in Cambridge...
...tradeoffs. Just about now, the owners of the 16 million houses, apartments and mobile homes-more than one-fifth of the U.S.'s housing-that use oil heat are getting their first big fuel deliveries. They are discovering with a dismaying jolt that the great '79 fuel crunch has moved from the gas station to the furnace room. Since January the average price of heating oil has jumped from less than 56? per gal. to more than 80?, an increase well in excess of 40%. The country's total heating-oil bill, about $10 billion last year...
...basic cost of borrowing money has jumped from 11.75% to 13.5%, the highest in history. Most board members hold that the increases will soon stop but interest rates will remain steep over the next year. Some fear that the Fed may worsen the recession by inducing a classic credit crunch, in which little money is available for borrowing to finance new plants and create jobs...
From every bully pulpit, he preaches that the world is using, wasting and polluting so much of its most necessary resource that a crisis is building, one that could make the energy crunch seem like a tempest in a gas tank. The world has not a drop more water than on the first day of Creation, he observes, but the thirsty family of man is expanding every moment. People are digging deeper for water, depleting underground sources faster than they are being replenished - so fast, in fact, that land is sinking...