Word: squeezees
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No Harvard runner, of course, is dependent on an "athletic scholarship," and so could never be in this exact dilemma. But responsibility to a team can be as binding as money, and if the meet were Harvard-Yale and the squeeze was on Englishman Jim Baker, Crimson coach Bill McCurdy...
Still, the bumpy rate cuts dramatically signaled an end to the pressures that last year drove interest in the U.S. to a 45-year peak. When the Federal Reserve Board hiked its discount rate from 4% to 41% in late 1965 to fight inflation, commercial banks lifted their prime rate...
Westinghouse Electric, which faced tough labor negotiations, strikes and a big wage hike last fall, came through the fourth quarter with earnings down 3.5% despite rising sales. But that only slightly spoiled a record year of profits, which were up 12%, to $120 million. With heavy orders for nuclear generating...
For the past four months, the British national press has been undergoing the most severe crisis of self-confidence in its history. First, an outsider-Canada's Lord Thomson-took over the London Times, symbol of Fleet Street stability. Then Harold Wilson's economic squeeze caused a drastic...
When these two "escape clause" tariffs were first raised to protect U.S. industry from the squeeze of foreign competition, the reaction in Europe was, to say the very least, negative. In 1962 Belgium raised its duties on U.S. chemicals within 48 hours after U.S. duties on sheet glass were increased...