Word: gluts
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Dates: during 1980-1989
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...maldistribution of health care and the related problem of a physician "glut"--an overabundance of doctors in some areas--came to light five years ago in a government report that predicted by 1990 that there would be an excess of physicians in almost every specialty at the expense of community and general medicine, Dean for Students and Alumni at Harvard Medical School Daniel D. Federman '49 says...
Here's the problem. On the one hand, the glut of celebrities in politics makes it unfair for competitors. Little Joe Kennedy is going to wipe out some very worthy opposition in the race for Tip O'Neill's seat. As was once said of Uncle Ted, if his name had been Edward Moore instead of Edward Moore Kennedy, he'd be at the back of the pack...
...government has found many ways to spend money. To ensure ample supplies < of grain, Riyadh has paid growers six times the world price for their output. But since the kingdom consumes only about half the nearly 2 million tons that farmers produce annually, Saudi Arabia has a grain glut. Efforts to raise livestock have been troubled. The Saudi Arabian Agriculture and Dairy Co., which opened in 1980, managed to breed 15,000 cows over the following five years. But the $100 million total cost was so great that the firm had to refinance its debts...
...Marshall Plan," Peres suggests that the major beneficiaries of the oil glut should ante up $20 billion to $30 billion for a fund to spur development in Egypt, Jordan, Lebanon, Syria and Israel. The proposal, even if not considered utopian, would face many obstacles, including the U.S. need to cut its budget and the reluctance of Arab countries, which have so far refused to join a program initiated by Israel...
...many U.S. wells cost $12 or more per bbl. to operate because much of the easily accessible crude has already been tapped. Some oil analysts believe that one goal of the Saudi price-war strategy is to bankrupt many of these high-cost producers, wipe out the glut and then boost prices once again when the competition is gone. Most forecasters think that oil prices below $10 per bbl. are a distortion caused by OPEC's overproduction and cannot last for long...