Word: awash
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...certain critical moments, well-intentioned efforts by the Fed either to tighten up or to relax the reins on monetary growth have boomeranged. The result has been periods of money drying up when it should have been plentiful, or pouring in torrents into an economy already very much awash...
...otherwise gloomy innovation picture. Last year's reduction in the capital gains tax from 49% to 28% resulted in a flood of new money looking for risky but promising investments. Boston's Route 128 complex of small, high-technology firms and California's Silicon Valley are awash with funds...
...regions that stand to benefit most are coal-heavy Appalachia and the Rocky Mountain states, site of most of the nation's oil shale and some of its most promising new sources of coal and oil. The U.S. Gulf Coast may also be awash with dollars, as drilling companies search for hard-to-get methane gas in deep rock strata. In grain-growing Iowa, Kansas and other farm-belt states, some 1,000 service stations are selling gasohol, made from gasoline with a 10% lacing of grain alcohol, and Carter's program would enable production to jump. Says...
...been granted. One example: the rule that farmers should get as much gasoline and diesel fuel as they demanded made sense in early spring, when they were rushing to plant crops. But the regulation was continued too long, and may be one reason why some rural areas now are awash in gasoline while cities...
Americans will all be presently awash in gas again...