Word: squeezees
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The Federation's spokesman, George W. Ross, a teaching fellow in Government and Social Studies, feels the group has two things going for it: teaching fellows' anger at not being taken seriously by the Administration, and the increasingly tight squeeze of trying to survive in Cambridge on a salary that...
Part of the fuel for the surge comes from the Federal Reserve Board, which has been pumping credit into the economy so fast that it has expanded the money supply at an annual rate of 7.7% so far this year, against only 2.2% during the 1966 tight-money squeeze. Looming...
The shortage has been reflected in higher prices, which have risen nearly 33% since 1964. And now there is even rationing of the disappearing element. Manhattan-based Freeport Sulphur Co., which is the world's biggest producer (4,000,000 tons a year), has increased its output 70% over...
They differed on details but demonstrated a remarkable consensus: prompt imposition of a surtax is vital to curb inflation in an overheating economy, reduce a Government deficit that may hit $29 billion this fiscal year and head off a repetition of the credit squeeze that rocked business in 1966.
The unions' attitude symbolizes a growing unrest over Wilson's efforts to ease Britain's balance-of-payments problem by a deflationary squeeze that hit the public first with tighter credit and a wage freeze, then hit it again with rising prices. Said Tory Leader Ted Heath...