Word: gluts
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Dates: during 1980-1989
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...These condominiums are representative of a city-wide pattern," says Joel Alstein, a principal of FARgroup, a Cambridge-based real estate development company. "We are in a glut economy when it comes to condominiums...
Stoking the smokestack revival even further, in 1984 the Reagan Administration negotiated voluntary restraint agreements, which limited imports to about 20% of the 100 million tons sold annually in the U.S. The justification was that the worldwide steel glut had forced many foreign governments to subsidize their mills, allowing them to charge artificially low prices in the U.S. In exchange for the VRAs, U.S. steelmakers agreed not to bring trade suits against overseas competitors and promised to plow excess cash into modernizing...
...COVER: A glut of lethal weapons. Are too many Americans now armed and dangerous...
...leading gulf producers -- Saudi Arabia, Kuwait and the United Arab Emirates -- have opened their spigots, increasing OPEC's total output nearly 10%, to 21 million bbl. a day. Because worldwide demand for OPEC's crude amounts to only about 19 million bbl., the overflow has created a price-dampening glut. West Texas Intermediate, the benchmark U.S. crude, fell earlier this month to $12.60 per bbl., a drop of nearly $3 from its level in August and more than $7 from a year ago. The price edged upward last week, closing at $14.92 per bbl., reflecting expectations among oil traders that...
...contact the Harvard Student Employment Office. You may find yourself modeling clothes for Calvin Klein at $250 a day. But even Harvard students who don't meet these qualifications are finding hundreds of job opportunities, as Cambridge suffers from what observers call the biggest job glut in years...