Word: glut
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Dates: during 1980-1989
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...together in public these days. The local picture house is a place for belly laughs and slasher screams; for a cathartic sob one must go to TV for a Movie of the Week or a late show. Once in a while, though, a film will buck the glut of exploitation movies and attract any viewer who still carries a hankie. Critic Raymond Durgnat called them "male weepies": films to make a grown man, or a baby mogul, cry. They describe a heroic life struggle that may end in defeat or death but never in ignominy. There is nothing like...
However germane and disturbing these changes might be, they are better suited to either a couple of cogent "On Baseball" columns, or through the broader treatment of all twenty six teams. Gammons appears to sense the limitations of his discussion and buttresses his ideas with a glut of observations, quotations, and baseball minutia gleaned from his years covering the Red Sox. The profiles of Sox players and accounts of management parsimony are interesting, but they often diverge from one another failing to render any brand of incisive argument. This is not impressionistic so much as it is egregiously diffuse...
Part of the reason for the glut of oilrefining capacity was the industry's over-optimistic assessment of world demand for energy products. Total U.S. consumption of petroleum products rose only 4% last year after a five-year decline. In addition, Western refineries face increasing competition from oil- producing countries, which now refine their own crude at home. Between 1984 and 1988, Saudi Arabia, Mexico, Kuwait, Libya and other oil countries will add about 3 million bbl. a day to their refining capacity...
...Christmas, the workers at Apple Computer toiled like tireless elves. Dealers, bent on avoiding a shortage of the company's products, had ordered some 800,000 machines, nearly three times as many as they had the previous Yule season. But sales were weaker than expected, creating a springtime Apple glut of some 120,000 unsold computers. As a result, the company (1984 sales: $1.5 billion) announced last week that for the first time in its eight-year history it will temporarily shut down assembly lines because of a surplus of wares. Calling the hiatus a "spring break," Apple ordered about...
...great roller-coaster rides in history was turning oil stocks into a bargain. Shares of the major petroleum producers had climbed sharply after 1979, when the Organization of Petroleum Exporting Countries nearly tripled the cost of oil. But then the price began dropping after 1982 as a world glut of oil developed. U.S. energy reserves, meanwhile, were dwindling. Pickens realized that oil company stocks were undervalued, and that it was both easier and smarter to get new oil reserves by taking over a company than by drilling for more oil. Says he: "It has become cheaper to look...