Word: glut
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Dates: during 1950-1959
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...smallest (600 undergraduates, 450 graduate students). On its 30-acre campus of stucco, Mediterranean-style buildings and olive-shaded walks, no one is a stranger, and with its faculty of 350, it has the luxuriously high teacher-student ratio of about one to three. While other campuses glut themselves with courses, Caltech will happily drop a few (most recent examples: meteorology and industrial design) on the refreshing theory that "if Caltech can't do a job within its sphere better than anyone else, then there's no sense in doing it at all." Over the years...
...WHEAT GLUT is still growing, will push up another 75 million bu. by the end of fiscal 1955, predicts Agriculture Secretary Ezra Benson. Estimated total for Benson's No. 1 surplus headache: 975 million bu., most of it in Government storage bins...
...says Nagata: "By showing the Japanese countryside in all its beauty, we can attract tourists and more dollars"-as well as stimulate U.S. interest in Japanese houses, furniture, pottery, etc. But the biggest payoff would be political. The worst blight on Japan's movie industry is still the glut of pro-Communist films financed by left-wing unions, the Japanese Communist Party. Red China and Russia (which often buy them for cash in advance). Nagata thinks that if the U.S. market proves profitable, the other major studios would stop distribution of Communist films. They might even start making some...
There was much to be grateful for. When Paz Estenssoro took power 2½ years ago, he was less than an even bet to last six months. Bolivia faced starvation, counterrevolution, a serious Communist threat, an empty treasury and a world glut of tin, its only valuable export. The U.S. helped save the situation by sending free wheat and buying tin for the strategic stockpile. Cost of grant-aid to the U.S.: $17 million-10? for each U.S. citizen. Two and a half years later, Bolivia still needs more loans and grants. But it has a better chance than ever...
...SUGAR GLUT in the world markets is knocking the props out from under wholesale prices. Bumper crops in Cuba and in other major producing areas sent prices down to 3.05? a pound (v. 1951's high of 8.12?), well under the 3.25? minimum set by the International Sugar Conference...