Word: glut
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Dates: during 1980-1989
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...fine pieces go to pot. "I absolutely refuse to melt down nice materials," says Jona than Hefferlin, the owner of Jonathons Coin in Los Angeles. From the daily glut, his wife picks out the valuable objects for resale. But at Manhattan's Empire Diamond & Gold Buying Service, where the queues form two hours before the store opens, almost everything goes to the smelter. Says Owner Jack Brod, who bought a Spanish-American War medal for its weight and paid only $75: "We might get more from a collector, but it's not worth looking for one or waiting...
...available substitute products or the unwillingness of would-be cartel members to cut production enough to maintain high prices. The copper exporting organization, for example, was weakened when industrial users began replacing that metal with plastics and aluminum, and effectively collapsed when the last recession produced a worldwide copper glut. The danger of other cartels remains remote -for now. Even so, individual nations may be moved to reduce exports, and those actions could severely tighten supplies and send prices surging...
...have been rebelliously out front browbeating the Establishment in waves of dissent that would have continued to expand after the 1960s. Widespread religious fervor would have found a channel in a holy crusade against technology. Assassinations would have been frequent. Unrest would have swept through high schools. A grain glut might have triggered an agricultural depression. A breakdown of the cities would have produced chaos beyond anything ever seen before. Some urban areas would have banned the use of gasoline-powered automobiles. Do-it-yourself facelifts would have been on the market...
What the collegiate sports world faces in the year ahead is a glut of women's tournaments. Schools often will have to shoose between an AIAW sponsored championship and an NCAA sponsored one. The result, if most teams elect the new NCAA competitions, could be the death of the AIAW...