Word: crunched
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Dates: during 1970-1979
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...United Church delegate who spoke in favor of the boycott added. "No one will find giving up Nestle's Crunch Bars more difficult than...
...Chase Manhattan and Citibank lifted their prime lending rate to businesses from 9¾% to 10%, the highest since January 1975. Other banks are expected to follow suit. The action, reflecting a steady tightening of money by the Federal Reserve Board, substantially increases the risk of a credit crunch and a deeper economic downturn next year than most experts were forecasting a few months ago. The hike is certain to pull up other rates and dampen spending by boosting the cost of corporate loans and, eventually, of consumer borrowing...
Since the early talk about the crunch of the 1980s, the headlines have been full of seemingly good news about oil. Exploratory drilling activity has risen by 30% since the 1973 embargo. In the past year or so, oil has begun to flow from Alaska's North Slope, North Sea production has increased, and promising indications of oil and natural gas have been found in the Baltimore Canyon off the U.S.'s East Coast. Oil companies have also been exploring what are thought to be big deposits along China's coast. And in Venezuela, development is continuing...
...Nestles makes the very best, Mal-nutrition." That mutant jingle from the old commercials made the campus rounds this week, as the boycott-Nestle movement picked up crunch...
Under the threat of extinction, professors are now giving their lectures more zeal, as well as sell, than they did in the past. Many a full professor who left his undergraduates mostly to wan and preoccupied teaching assistants is back in the classroom going all out. If the crunch on colleges could at last result in something like "teach or perish," instead of publish or perish, the uses of economic adversity might prove sweet indeed for American education...