Word: gluts
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...within a few months, with the prospect that Iraqi crude will start to flow again, prices might fall to about $25. By summer, the market could face a glut--and $20 crude. Moreover, says the Institute of Directors, a British employers group, a short war would actually be better for the global economy than the uncertainty and higher oil prices that would hang over it if war continues to be merely a possibility. For the U.S. economy, the study says, a war that resulted in lower oil prices would generate 2003 growth of nearly 3%, compared with the 2% currently...
...that. There's a lot of us out there." Scott Rudin, The Hours' producer, sees the Christmas-to-Valentine season as "a good time for movies that aren't entirely aimed at teenage boys." Playwright David Hare, whom Rudin hired to adapt Michael Cunningham's novel, notes the glut of year-end prestige movies: "All the intelligent films come out at exactly the same time, because they're thought to be Oscar material. And the more intelligent films are more likely to have good roles for women...
...giddiest high-riders are beginning to question how much real estate speculation Shanghai can take. Yes, luxury-residential rents increased 15% last year, but in the next three years the number of new apartments in the city will double due to frenzied construction, leading to a surefire property glut...
...early 2001, overexuberance for the telecom market had created a glut of companies like WorldCom, and earnings started to fall. Cooper was aware of the decline but not of the creative accounting fix. At WorldCom her department handled operational audits, which set company budget standards and evaluate performance, among other things. Financial audits, which verify the accuracy of a company's financial reports, were the province of the then esteemed independent firm Arthur Andersen...
...Yahoo! might have the edge right now, but that could evaporate as fast as Colin Powell's opposition to war in Iraq. Indeed, Google News is an innovative stab at solving the info-glut problem that plagues so many of us. In a world of proliferating headlines from around the globe, news aggregation might be best left to the machines. After all, can any human editor really keep pace? The appetite for international news exacerbates the problem. Al Jazerra was an unknown news service for years and now suddenly Americans are interested in its reporting from Qatar. And that plays...