Word: squeezees
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Poland's economic problems were complicated by a new wave of foreign sanctions last week. The governments of Canada and Japan indefinitely suspended negotiations over rescheduling Polish debt payments due this year and imposed severe restrictions on most new credits to Poland. The Japanese also postponed official trade talks...
Interest costs have set off a kind of chain reaction in the farm lands. Food processors rely on short-term financing to stock up on the raw goods that they package, can and otherwise process into food. But to hold down interest costs, the processors are now slashing inventories and...
The Soviet Union is hardly in a position to take over all of Poland's problems. Its own economy is weak because of repeated bad harvests, and it has been forced into a cash squeeze to buy grain. Moscow has sold gold heavily on world markets to raise money...
On the other hand, the weakening market means that oilmen will be less willing to invest the millions, and sometimes even billions, of dollars needed to explore for new sources of crude. That, in turn, could lead to a renewed supply squeeze in two or three years. Energy Analyst Constantine...
During his successful four-year campaign to persuade the British government to cough up $156 million in loans and grants, maverick Automaker John Zachary De Lorean confidently predicted that American customers in 1982 would buy 20,000 of the sporty stainless-steel autos manufactured by De Lorean Motor Co. (price...