Word: absorber
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Dates: during 1980-1989
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...enviable prospect of lifetime job security through the granting of tenure. Not anymore. Since the late 1970s, academe has suffered a Ph.D. glut as baby-boom enrollments leveled off while universities continued to churn out fledgling professors, particularly in the humanities, faster than the shrinking job market could absorb them...
...That may sound perverse to you, since we have no choice but to live where we were put. But it is very hard to take one's bearings while living in a perpetualmotion device, and the mind, our private mind, unable to catch up with or absorb all the matter hurled at it, often grasps a different ground entirely...
...than $100 million in billings from the flight of customers, which include Sears, IBM and Pillsbury. The damages at Saatchi & Saatchi/Ted Bates have totaled more than $300 million; among the clients who canceled accounts were Colgate-Palmolive, Procter & Gamble and Warner-Lambert. While both agencies claim that they can absorb those losses without severe stress, the exodus of blue-chip clients has quickly soured Madison Avenue's merger mood...
...federally insured savings and loan associations and savings banks have either been reorganized or forced by the FSLIC to merge with other institutions this year. As the agency reimburses depositors at collapsed savings and loans and pays out large sums to healthy institutions that agree to absorb weaker ones, it is fast running out of funds. FSLIC officials say its reserves will have shrunk by the end of the year to a precariously low $1 billion, down from $4.6 billion at the end of 1985. The General Accounting Office estimates that the FSLIC will need to give out as much...
...Communist nations have agricultural headaches too, but theirs stem from too little production caused mainly by a lack of incentives for farmers. The root problem in the free world is the exact opposite: high price supports and other subsidies have encouraged farmers to grow bigger crops than markets can absorb. In Western Europe, for example, agricultural output has been growing four times as fast as food consumption; in the U.S., farm production has far outpaced the 1% annual population growth...