Word: gluts
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...rise since 2003. And though most of Zapatero's term was marked by continued economic expansion - begun under his Popular Party predecessor, José María Aznar - up to one-quarter of GDP growth over the past seven years has been linked to housing starts. The resulting housing glut stemmed above all from overconfidence about tourism and speculation on second-home purchases. But José García-Montalvo, an economics professor at Barcelona's Pompeu Fabra University, says basic misconceptions about the rapidly changing Spanish family have exacerbated the problem. Gung-ho developers forged ahead with building projects...
...cost-cutting boosted earnings and fueled the firm's next phase--diversification. Agnelli bought significant copper holdings from Arizona-based Phelps Dodge (now part of Freeport-McMoRan Copper & Gold) and London-based Anglo-American. At the time, during a glut in 2001-02, the deal raised eyebrows. But when demand for copper exploded soon after, these investments quickly paid for themselves...
...ages of 6 and 11 are overweight. Perhaps that statistic doesn’t resound as much as it should—it means that nearly one in five children today are already on track for developing type 2 diabetes, hypertension, cardiovascular disease, sleep apnea, and the whole glut of diseases and disorders associated with obesity. If America’s dire obesity epidemic is to be contained, decisive action must be taken in the interest of the public health, starting with policies that encourage children and adolescents to develop healthy habits that will last a lifetime. It is admirable...
Since 1998, when a glut of tea from low-cost producers caused prices and profits to plunge, Indian growers have struggled to pay the country's 1 million tea workers. Unpaid employees launched a wave of strikes, while some owners sold or simply abandoned their plantations. "Many tea plantations became totally unviable," says Shiv K. Saria of Soongachi Tea Industries, which owns five tea farms in northeastern India. Estates went bankrupt because they were selling at below-cost prices and banks wouldn't lend any more...
...have a long and successful track record for picking up distressed assets, turning them around and pocketing big returns. Do you anticipate a glut of distressed assets out there in the near future, given the problems in the credit and debt markets...