Word: glutting
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...overwhelmingly, with or without sweeteners. Agriculture Secretary Orville Freeman pointed out that the deal would yield a handsome propaganda dividend by showing the world "which country has the agriculture that works." Fact is, both the U.S. and the U.S.S.R. are suffering from farm scandals-the U.S.'s a glut of subsidized agricultural products, the U.S.S.R.'s a shortage brought on by Communist dogmas...
...futures contract-which is based on the price of wheat today-but the profit will be balanced by the fact that he will also have to pay more in the cash market for the wheat he actually needs. If the contract's value decreases because of a wheat glut, he will take a loss on his futures contract but hopefully make it up by buying his wheat more cheaply. While commodity users play the market largely to protect themselves, they could not do so without the speculator, whose purchase of a futures contract is simply a bet that...
...expected. Maybe it was unreasonable to expect a writer who is primarily an essayist to finally give us the novel that would capture the New York of the '30's. We have social history, we have political and economic history. If anything, the New Deal suffers from a glut of scholarship...
...Russian general up the Grand Kremlin Palace's Staircase of Honor, and the staircase alone-16 ft. wide, with gold-and-red carpeting, 58 steps and four landings-was a surprise of splendor. But with jewels and thrones, high vaulting domes and sprays of filigreed gold, such a glut of richness followed that when Bourgholtzer and the general returned at the end of the hour to the Staircase of Honor, it seemed little more than a nicely gilded stepladder...
...Servan-Schreiber, whose weekly L'Express has been having its own circulation troubles since the end of the Algerian war deprived it of its major issue, doubts that any of these measures will halt the downtrend. The problem, says he, is neither TV, nor slanted reporting, nor a glut of papers, but the fact that Charles de Gaulle has hobbled political parties. "Gaullist France is not interested in national affairs," said Servan-Schreiber, a longtime anti-Gaul-list, who might have a telling point here. "People know that De Gaulle makes his own decisions, and no one else...