Word: glut
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Dates: during 1950-1959
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...world's greatest technological civilization, is running short of engineers. For years it looked as if there would be a glut, not a shortage. Engineering students used to spend their last spring in college like any other seniors: looking for jobs. But today industry competes for their services with the fierce cunning of Hollywood star-snatchers; they are wooed by eager personnel men, treated to lavish dinners, whisked off on inspection trips to factories. Most engineering graduates have at least half a dozen offers, with an average starting salary of $350 a month...
Last week an unobtrusive little booklet quietly joined the glut of magazines on local news-stands. Devoted to "analyzing, discussing, and interpreting American affairs," U.S.A., The Magazine of American Affairs is the National Association of Manufacturers' contribution to the nation's reading habit...
...days. Sir Walter Scott, whom he once adored, he now rejects as "balderdash."And "even Shakespeare I find, nowadays, to be somewhat futile reading matter. "As for writers. in general, he offers a prescription and a characterization. The prescription: "A sufficiency, or rather, let us so name it, a glut, of love dealings, no matter whether they should turn out to be joyful or disastrous, will increase his power to write." The characterization: "All writers, even those who bask in the splendor of a 15th reprinting, remain mentally unbalanced." After a lifelong career blowing literary soap bubbles, Writer Cabell feels...
...similar rollbacks at retail levels. Potato growers promptly protested. They thought that supply & demand would cure the high prices just as they had the low. Their sensible argument: to cash in on the high prices, potato growers would soon raise so many potatoes that the U.S. would have a glut again-and prices would drop...
...Those who had sold at low prices felt cheated by the new estimate, which immediately started cotton prices rising close to the ceiling. Last week's estimate was a full 11% less than the first crop report in August. The Agriculture Department said that instead of a glut, there will scarcely be enough cotton to satisfy the domestic demand...