Word: crunch
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...crunch is seen as a problem of prices, not availability. Indeed, oil prices, already up to $9.50 per bbl., may rise a further 64% to cover increases in the price of Middle Eastern crude. Even so, Japanese forecasters are predicting that the country's economy will grow 4% or 5% in fiscal 1974, which ends in March 1975. Over the next decade, reports the respected Japan Economic Research Center, the growth rate should average 9.2%-extraordinarily high by Western standards...
...week the government handed down indictments against 15 oil-company executives, including top figures at Mobil, Shell, Esso and Total. The decision fuels the other scandal, in which the same companies have been accused by Finance Minister Valery Giscard D'Estaing of playing favorites during the Arab oil crunch. They are charged with supplying longtime independent clients while cutting off some newer firms...
...Harvard's ability to aid 40 per cent of its students and low in comparison to an ideal figure which would be somewhere in the vicinity of 75 per cent. We used to talk about financial aid for students from lower income groups but now the economy's crunch threatens to put Radcliffe's tuition out of the range of middle-income groups as well...
...bright and the windshield was streaked with dirt, so he flipped down the sun visor. The window scraper fell out, so he tried to catch it, and knocked the cookies off the dashboard in the process. While trying to grab the cookies, he pushed his hat over his eyes. Crunch. The van stopped abruptly at a tree off the side of the road. No one was hurt but the engine was nailed. Bent out of shape. Totaled...
Vermont ski executives blame their troubles as much on a fairly snowless winter as on the gasoline crunch. Yet in western Massachusetts, which was covered with snow last week, the slopes are still underpopulated. Said Ted Trombley as he surveyed the empty parking lot of his Yankee Motor Lodge near Pittsfield: "Up until now we could blame the weather. But with this gorgeous weekend we just had, we're still off 50%, so we know the problem...