Word: squeezees
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Following Elvis's ballad of betrayal, "Motel Matches," comes one of the album's most thrilling songs, "The Human Touch." Elvis seems trapped in a bizarre reggaed polka, dreadlocks and kielbasa, an "industrial squeeze" that "looks like a luxury,/Feels like a disease." This is Modern Man bombarded by machines...
No amount of tightening up on the money market funds is likely to be of much immediate help to the thrift institutions in any case. Wall Street analysts estimate that at least 20% of the nation's S and Ls are already losing money in the current squeeze. Last...
In fact, defaults and bankruptcies seem far less likely than does an accelerating wave of mergers and acquisitions, as small and weak thrifts are folded into larger and stronger ones. The new federal legislation for the savings industry will set off intensifying competition between the thrifts and commercial banks across...
Though the immediate cause of alarm was the Federal Reserve action two weeks ago that forced credit-card issuers to place a sum equal to 15% of new loan money into a noninterest bearing account, the lenders have been suffering pinched profits or even losses for months. Banks in most...
Even the Old Farmer's Almanac could not have foreseen it all. Barely a trace of snow in New England, yet mounds of it down in Dixie. Norfolk, Va., accumulated twice as much snow as Burlington, Vt, or Portland, Me., and about one-third more than Chicago. Florida too...