Word: squeezees
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The trouble facing France's Socialist government is that its 1981 attempt at expansion created first inflation and then a huge trade deficit. Chevalier said that a split in Socialist Party ranks continues between supporters of Finance Minister Jacques Delors's austerity program and left-wingers like former...
Because Hungary relied so heavily on short-term bank deposits, it was especially vulnerable to the credit squeeze that hit Eastern Europe after Poland's near default. But unlike the rest of the Soviet bloc, Hungary has been able to raise new loans in the West ($1.6 billion in...
They didn't laugh when he sat down at the Steinway, but then for a change, they weren't supposed to. Last week Dudley Moore, 48, made his Carnegie Hall debut as a full-dress, classical pianist. Joining his friend, Violinist Robert Mann, 62, Cellist Nathaniel Rosen, 36...
The squeeze may serve as a warning for countries who once sought quick riches from their natural resources only to find themselves stymied when commodity prices fell. Counting on a permanent high price for oil, Mexico had borrowed heavily from banks in the U.S. and elsewhere to finance drilling, steel...
That kind of talk, coming in this case from Melissa Keleher, vice president of Home Federal Savings & Loan Association in San Diego (assets: $6 million), has not been heard much around the thrift industry during the past three years. Caught in a squeeze between high interest rates and longterm, fixed...