Word: squeezees
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Exxon's cash squeeze has been intensified by management miscalculations in a series of unsuccessful attempts to diversify. Examples: Exxon spent $857 million during the past five years to develop uranium, copper, lead, zinc and molybdenum mines from Nevada to Papua New Guinea. But the company has lost $383...
As virtually every country has curbed its money supply in the fight against inflation, high interest rates have created a worldwide financial crunch. Scores of nations deeply in debt are finding it difficult to meet their payments. Private banks have cut off credit to whole areas of Eastern Europe, Latin...
The Squeeze on Business. While governments have expanded, private industry has been pressured by high interest rates, rising taxes and wage demands. Wages, even after adjustment for inflation, have gone up faster than labor productivity, the amount of output per worker. In other words, businessmen have been paying more for...
Some board members regarded the prolongation of the recession as the painful price of wringing inflation out of the system. Others, like Hans Mast, a University of Zurich lecturer and executive vice president for Crédit Suisse, feared that the deflationary cure has become too dangerous. He noted that...
Rosovsky and O'Brien both cite faculty salaries as the only priority that could ever challenge financial aid in an ultimate economy squeeze. Given a choice between compromising the quality of faculty or of students. O'Brien says. "Both would probably give a little bit"; he does, however, cite the...