Word: glut
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Dates: during 1970-1979
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...threats and challenges have developed almost overnight. All through the 1960s, oilmen worried constantly that a worldwide glut would lead to a catastrophic slump in prices; gas stations lured motorists with price wars, contests and giveaways of drinking glasses and steak knives; oil-bearing countries eagerly offered rich drilling concessions. And the late House Speaker Sam Rayburn
There has been a glut of police and private eye movies in the last few months, almost all of them French Connection ripoffs. But The Long Goodbye stands apart, harking back to an earlier kind of movie where the hero didn't have to abandon his own morality in order to root out others' amorality. Robert Altman has accomplished this without creating a sterile exercise in nostalgia, and has breathed life into the sagging genre of detective films...
...greatest obstacle to increasing output is not technical but psychological: the farmer's traditional fear that if he grows everything he can, he will only produce a glut that will depress prices. That attitude may seem totally irrational, given the almost hysterical state of current markets, but in fact farmers have some reason for regarding the present deluge of world demand as an abnormality that will soon pass. It has been caused by an extraordinary combination of temporary factors: bad weather round the world; crop failures in Africa, Asia and the Soviet Union; a decline in the catch...
...side the skin kings are besieged by a host of imitators who threaten to glut even a market that sometimes seems insatiable. On the other hand there is the sudden appearance of a new and stricter legal definition of obscenity by the U.S. Supreme Court (TIME, July 2). Though the boundaries of the court's ruling are still unclear, they could well halt the skin trade's race to publish ever more explicit turn-ons. If forced to retreat, the magazines might simply succeed in boring their audience...
...chairs over the jobs that will be left. By year's end, around 200 mid-career professionals and a large number of clerical employees will be on the street. The Rev. Arvo Vaurio, whose own personnel job has been axed, is now doing "outplacement" for his colleagues. The glut of middle-aged clergymen on the market could not have come at a worse time, since slots are scarce in government, colleges and industry. Vaurio figures that the church will be lucky to place 15 or 20 of the ministers in local congregations. Many of the executives took national jobs...