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...glut of inventories is severe in this recession because companies built up unusually large inventory stocks to get ahead of inflation. The rate of inventory build-up in the last three months of 1973 was un-precedented. Inventory growth in the first half of 1974 was faster than any year since...

Author: NO WRITER ATTRIBUTED | Title: The Stagflation: A Crisis Deepens | 12/17/1974 | See Source »

...game time was arranged by ABC, which split almost $500,000 between the two schools to convince them that rescheduling the contest from a 1:30 p.m. start the previous Saturday made eminent sense. Penn State finally disposed of Pitt (31-10) by midnight, but the glut of games did not end till Sunday right after a staggering total of 30 commercial-crammed hours of gridiron TV. (Some of the commercials were ordered up by network-paid stage managers, who signaled game officials when they wanted a break in the action.) Burnishing the already well-polished dictum that more...

Author: /time Magazine | Title: Television: Feast or Surfeit? | 12/9/1974 | See Source »

...four-year contract with the N.F.L.; together they are providing viewers with up to three games every Sunday. In addition, this year's television schedule has been swelled by as many as four additional college and World Football League contests per week. To fight off the perils of glut and decline, the networks are redoubling their efforts to make the games glossier with replays, added camera coverage and visiting-coach commentaries. If ratings continue to sink, such remedies may not be the answer. Less football might...

Author: /time Magazine | Title: Television: Feast or Surfeit? | 12/9/1974 | See Source »

...judges long-pressed by the glut of an estimated 5 million non-felony cases, the key words of Argersinger must have been those permitting "a knowing and intelligent waiver" of the right to counsel. That phrase, says the center, "has resulted in a 95% waiver rate in some lower courts." In Houston and Belle Glade, Fla., according to the report, "it is assumed that a defendant has waived counsel unless he aggressively asserts .[the] right." In other jurisdictions, "defendants perceive, correctly or not, a tacit rule of court that those who ask for counsel are treated more harshly." Defendants...

Author: /time Magazine | Title: The Law: The Sausage Factories | 11/25/1974 | See Source »

Indeed, in the past few years, the grade glut has been spreading across academe. At Yale, 42% of all undergraduate spring-term grades were A's, and 46% of the senior class graduated with honors. "It's ridiculous," says Eva Balogh, dean of Yale's Morse College. "They get a B and they bawl. It takes a man or woman of real integrity to give a B." At American University, 75% of all grades last spring were A's and B's, leading an undergraduate dean to ask for a faculty inquiry. At the University...

Author: /time Magazine | Title: Education: Too Many A's | 11/11/1974 | See Source »

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