Word: squeezees
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>As a percentage of the national economy, research and development spending has dropped sharply in the past decade. Government funding was cut with the end of the Viet Nam War. Private universities have been caught in a financial squeeze. Many companies have judged the payoffs from R. and D. to...
From all sides, the intertwined problems of inflation, recession and energy squeeze are closing in on the U.S. economy. Prices keep roaring ahead at a double-digit pace. Inflation-straitened consumers, who have long kept the economy rolling by spending above their means, are pulling back on their purse strings...
The squeeze is being aggravated by competition from Western European importers, who are paying premium prices to buy up heating oil that is refined in offshore Caribbean refineries and normally goes to the U.S. market. To ease the pinch, the Administration is now providing a temporary $5-per-bbl. subsidy...
Strong economies in many countries have also put the squeeze on th supply of those precious metals that are used in industry. Platinum, which is needed for pollution-fighting catalytic converters in cars, has risen an eye-popping 173%, to well over $400 an ounce, since the Soviet Union, a...
Federal interest rate ceilings limit the payout on their passbook accounts to 5% in commercial banks and 5.25% in savings institutions, which is less than half the current rate of inflation-and much less than a higher-roller gets for investing $ 1,000 or more in a money market mutual...