Word: glut
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Dates: during 1980-1989
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...money-laundering center can be spotted by the huge surplus of cash that flows into the local branch of the Federal Reserve System. In 1985 the Miami branch posted a $6 billion excess. But after several years of intense federal probes of South Florida banks, Miami's cash glut fell last year to $4.5 billion. Much of the business went to Los Angeles, where the cash surplus ballooned from $166 million in 1985 to $3.8 billion last year. Despite such rocketing growth, the staffing of federal law-enforcement offices in L.A. still lags far behind the levels in Miami...
Thanksgiving starts the glut of year-end films: an all-star Steel Magnolias, a ponderous Valmont, a shaggy-dog story and one certified stunner, Disney's fairy-tale cartoon The Little Mermaid...
More important, the Soviet Union has a glut of cash, a so-called monetary overhang, which has ballooned under Mikhail Gorbachev because the Soviet government has run increasingly large budget deficits to maintain social peace by subsidizing prices for essential goods and services. The government prints more money to cover the gap, which in a free-market economy would increase inflation. But under the severe price controls of a command economy, the money has no place to go but under the mattress. Jan Vanous, research director of PlanEcon, a Washington-based consulting firm, estimates that...
...rate of a few years ago. Says Rod Canion, president of Houston-based Compaq: "The rules are changing, and it's very difficult for the big-computer makers to accept." At the other end of the spectrum, some PC makers are getting hit with a different problem: a glut of machines. Says Michael Dell, who heads an Austin-based PC maker that bears his name: "There are no more places on the shelf for another computer. There are more than you'd ever want to name...
...newspaper glut also stems from the lack ofbusinesses and retailers stocking recycled paperproducts, Wall said. "If more institutions likeHarvard would carry the paper, there would notonly be no glut, there would be a demand for [oldnewspapers]," he said...