Word: glut
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...annual convention in New York City, the NAACP plans to announce that it will file a class-action lawsuit against manufacturers, distributors and importers of handguns. The lawsuit will come on the heels of several suits filed against the industry by cities: Chicago, for example, charges that a glut of guns supplied to the suburbs has fueled an illegal market in cities, while New Orleans claims that safety devices on guns are inadequate. NAACP president Kweisi Mfume told TIME that the organization will seek not financial damages but injunctions ordering the industry to make several changes in its distribution...
Most troubling, though, is a glut of new Internet shares saturating the market, creating a supply overhang that could last through the summer. This is an entirely new situation for Net investors. In the past few years they have had little choice but to bid against rabid techies for the same handful of precious stocks, driving prices through the roof. Wall Street reacted as expected: by underwriting stock deals for every dot com in sight. A flood of new shares hit the market this year, and now the scarcity premium on Net stocks is gone...
...glut hurts in another key way. It creates well-capitalized competition for companies that have already gone public. This is an underappreciated phenomenon. Each new Internet IPO equips yet another company to steal business from the incumbents. Instead of one online pet store, there are three. That pushes all companies in the same line of enterprise further from the future profits that, to a degree, all Internet investors count...
...much of a great thing. With seven large parks on the ground and more on the way, industry analysts are issuing dire warnings: "Orlando is now a zero-sum game," says Curt Alexander, an analyst with Media Group Research. "There will be bloodletting of biblical proportions." The theme-park glut promises bargains for consumers but a brutal shakeout that could pound the earnings of park owners Disney, Seagram (Universal) and Anheuser-Busch (Busch Gardens, Sea World...
...thing that's clear from the glut of contemporary teenpix is that a lot of young talent is being wasted in gonadal junk. If only these kids could find a smart script and a director who knew how to harness their coltish appeal, they might quickly turn promise into achievement. As it happens, the wait wasn't all that long. Here is a picture that has wit, a hairpin-turn narrative, high pizazz and ensemble star quality. Ready...