Word: squeezees
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Unfortunately, cutting costs creates a catch-22 squeeze. Even before Reagan proposed a cutback in the program, Denver had reduced its administrative staff from 173 workers to 83. This made it all the harder to catch cheaters and carefully to determine eligibility. Says Program Assistant Rosemary Engard: "We are stretched...
A tissue of lies, said Sanchez. He hired a lawyer and headed for small claims court. In January he won his case, but Scott turned hard 'n' ugly: it appealed. With a court date set for March, Scott last week raised the white hanky and promised to send...
Savings and loan associations are almost as homespun as Jimmy Stewart. In Frank Capra's 1946 movie It's a Wonderful Life, the actor played an embattled S and L officer who eventually triumphs over evildoers when depositors unite to save his business. The nation's 4...
The main causes of the problems for the thrift institutions are double-digit inflation and interest rates, which were both unheard of in 1831 when the first S and L in the U.S., the Oxford Provident Building Association, was founded in Philadelphia. The nation's S and Ls and...
Because of the foreign-exchange squeeze and war disruptions, Nicaragua has a desperate shortage of spare parts. Decisions about economic priorities are either not being made or being made badly. Says a foreign economic observer in Managua: "You have a former guerrilla trying to decide between importing a drive shaft...