Word: glut
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Enter Laughing, by Joseph Stein. The Jewish situation comedy is not a trend but a glut. This one offers traces of honest observation, and as a clown of a would-be actor, Alan Arkin is outrageously funny...
Enter Laughing, by Joseph Stein. The Jewish situation comedy is not a trend but a glut. This one offers traces of honest observation, and as a clown of a would-be actor, Alan Arkin is outrageously funny...
...cotton. That was a highly unpromising start. By upping the support level, Freeman widened the gap between the U.S. price and the world price, worsened the competitive disadvantage of U.S. textile makers. His next step was to raise price supports on dairy products. With the milk-butter-cheese glut worsening, Freeman has since retreated and lowered the dairy supports. His current program for dairy products consists of trying to promote the consumption of milk by persuading the President and New Frontier officials to be photographed drinking it. As for himself, Freeman gulps gallons of milk a week...
Most of the inflation in Latin America results from the same thing that caused the incident at Córdoba: unwillingness to face economic realities. When the world wide glut of coffee, cocoa, copper and other commodities cut into their export earnings, too many Latin governments responded by printing more paper currency and borrowing heavily abroad. Latin America's rich have also contributed to the weakening of their nations' currencies and economies by prudently squirreling away huge sums-estimated at $10 billion to $15 billion-in Miami real estate, foreign securities and Swiss bank accounts. In Argentina alone...
...industrial groups have been hit harder than metals. Producers of lead have lowered prices by 3% this year to fight a domestic glut and foreign competition. Tin has tumbled 13% in anticipation of sales from the U.S. stockpile (TIME, Aug. 17). In steel, the Labor Department index shows that prices overall have slipped two-tenths of 1% so far this year; on certain kinds of pipe, wire and bars, steel producers have been quietly granting discounts...