Word: absorbable
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Dates: during 1970-1979
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...than now. More cattle will be raised this year, but this beefed-up production will not be reflected in meat-counter prices for 18 months-if ever. Says Economist Larry Simerl of the University of Illinois: "Consumers buy more beef every year, and this increased demand is likely to absorb any increase in production." The best that shoppers can probably expect is more cut-rate supermarket specials on chickens...
...Beans. U.S. farmers, who rely increasingly on foreign customers to absorb their rich harvests, have been particularly hard hit. Grain elevators in California and the Northwest have been stuffed to overflowing with wheat and other products awaiting shipment. In Washington, 15 million bushels of wheat have been dumped, creating mountains on the ground, and some California growers will soon be forced to plow their crops under. "It's already too late," says Lee Adler, an official of the California Grain and Feed Growers Association. "Our Japanese customers have turned to Australia and South America. Some of them...
...purveyors of plastic credit prefer to absorb the cost of stolen cards -which last year amounted to well over $50 million-rather than claim the $50 per victim to which the law would entitle them? Credit card executives are vague on that question. But staffers at the FTC's Division of Consumer Credit and Special Programs say that most companies have a lot to gain by keeping their customers uninformed. If a cardholder knows that his liability is limited to $50, for example, he may not be so prompt in letting the company know when he finds that...
...practice, it would hardly matter if most American museum collections of art by dead masters were frozen tomorrow. We already have too much art to absorb. Our memories are distended with it, like the livers of Strasbourg geese. Probably no civilization in history has had so much art that it did not make and been so forked by the crisis of how to relate to it. In the 18th and 19th centuries, when art transactions were simpler and the founding of massive collections was an undisguised form of plunder, the problem was not consciously manifest. But in America today, nobody...
...housing developments-always within the community's capacity to assimilate the families who will live in them." In Black Jack and other communities, however, suburbanites have used much the same language to keep low-income-and mainly black-families out, insisting that existing public service systems could not absorb the new demands for schools and for police and fire protection...