Word: glut
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Bountiful Days. Gone are the bountiful days of the 1960s, when the United Nations' Food and Agriculture Organization worried about how to dispose of a glut of food, and the U.S. Government paid its farmers not to plant crops. Now the world's food reserves are at their lowest since World War II, amounting to a mere 27 days of consumption. "We're just keeping our heads above water," observes FAO Official John Mollett. "But the margin of safety is decreasing. One big crop failure anywhere and it could be every country for itself." For most countries...
...established demand for their art. A young or obscure artist has no bargaining position on resale rights when a collector appears in the studio. Every year the U.S. art-education system cranks out more than 30,000 graduates, each with a degree saying "artist"; there is a glut of immature but professional-looking talent, and the creaky rating systems and distribution methods of the world art market cannot possibly cope with all of their work...
...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
...Rathbone, then chairman, began to get more and more reports that oil use was running increasingly ahead of new discoveries-and that Arabs would one day demand greater control over their resources. He ordered a stepped-up search for oil-even though the world then had a crude glut. In the past decade, Exxon's worldwide reserves have increased more than 9 billion bbl., or 21%. Crews are now searching, with good prospects, on Canada's Tuktoyaktuk Peninsula not far from the Alaskan North Slope and off the coasts of Southeast Asia-among many other places...
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...