Word: excessive
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Dates: during 1950-1959
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...reserves are not increasing fast enough. "To disrupt and impair our sources of supply abroad and jeopardize relationships of industry that have been built up with foreign nations over a long period of years can result in a more serious threat to national security than any temporary excess of crude-oil imports...
...people is relatively necessitous and nonpostponable; when they make up a greater segment of the total population, the downturns in total consumer buying may be less pronounced." And "population growth minimizes the effects of overexpansion made by business. It doesn't take as long to grow up to excess capacity when population is rising...
...Prosperity is a key weapon in President Fulgencio Batista's struggle to remain in office. When the strongman moved into the presidential palace in 1952, he inherited an economy weakened by a huge sugar surplus that was depressing world prices. Batista slapped on acreage quotas, gradually unloaded the excess, even shipping sugar to the U.S.S.R. Prices started a gradual climb, now stand 30% higher than in 1953. He imposed greater discipline on the country's labor unions, granted wide tax and tariff concessions to new industry. In a calculated gamble, he began spending part of the country...
Marinotti rushed back to the company's headquarters in Milan, slashed stock par value, cut excess payroll, closed down inefficient plants. Snia Viscosa soon became a profitable proposition-and has remained so ever since. Though Marinotti pushed production for Mussolini, he was thrown in jail for defying the Germans. Released, he went into voluntary exile in Switzerland, wrote poetry and painted while the Allies bombed Snia Viscosa into ruins. After the war, at the pleading of stockholders, he returned to Milan and pledged every penny of his personal fortune (by then well into the millions) to rebuild the firm...
...Inflation. One of the sources of confusion about Europe's current crisis of prosperity is that it is not the old-fashioned kind of inflation. There are two kinds of inflation, says Oxford Economist Roy Harrod. "One kind is that due to excess of overall demand for goods and services over the power of the economy to supply them. This may be popularly worded by the expression 'too much money chasing too few goods.' We had that kind of inflation rather severely in 1954, 1955 and the first quarter of 1956. It is now over." Harrod calls...