Word: gluts
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Dates: during 1990-1999
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...grown consistently over the past 20 years to its current level of 72.6%. Although 1995 saw the closing of several papers, that was largely the result of the high cost of newsprint, the single largest expense, and not of circulation declines. Newspapers are not a victim of the information glut. In fact, they offer readers a way to cut through to the most important news of the day. Newspapers will continue to play an essential role in the lives of Americans well into the next century. JOHN F. STURM, President and CEO Newspaper Association of America Reston, Virginia...
...call of conscience, studios have shoveled a lot of children's films into production over the past few years. The objective was to target aging baby boomers, who presumably need entertainment that could include their kids. But as quantity increased, quality declined, and now Hollywood has a glut of wholesome movies that aren't performing well. This summer saw Kazaam, Pinocchio, Harriet the Spy and even Flipper drown at the box office. "Hollywood happens to work in cycles," says Chris Meledandri, who runs Fox's family film division. "You watched that young-skewing movie cycle burn out before your very...
...needed to become a dominant supplier of programming so that it wouldn't be squeezed out by rivals like Fox and Time Warner, which owned cable systems or other outlets for their own movies. Once Disney stepped on the gas, some of its rivals followed suit. Soon a glut of pictures was fighting for screen space. The result: opening-weekend carnage...
...President also tackled tasteless television, getting the networks to agree to a ratings system, despite Ted Turner's protestation that all would soon be Brady Bunch mush. But better Marsha fretting over going steady than the glut of sex scenes now as common in sitcoms as car chases are in movies. One minute my daughter and I are loading the dishwasher watching Mad About You and then--bang!--on the screen two people are actively engaged in baby making. Even anything-goes libertines I've asked cringe at the idea of watching soft-core sex with their children...
...falling real wages. He is willing to take on the corporate-political elite, including the media and your magazine, and those who have benefited from economic policies that are ruining the country. The information revolution is destroying jobs just like the Industrial Revolution did. Combine this phenomenon with the glut of labor and you get lower real wages. The only way to reverse this trend is to create more jobs by reducing the standard work week. Shrinking the work week from 40 hours or more to 30 hours would help solve the employment problem caused by the information revolution. JAMES...