Word: glutting
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...season to be jowly. After pursuing the youth market most of the year, Hollywood devotes December to prestige films aimed not at the huge post- Christmas audience but at the senior citizens in the Motion Picture Academy. The goal is a batch of Oscar nominations; the reality is a glut of ambitious pictures that give no one a very merry Christmas. Of seven holiday movies, all but one ignore Hollywood's hard-learned rules of storytelling...
Worse for De Beers, the glut comes amid growing evidence of big-time diamond smuggling out of the former Soviet Union. As a result, not since 1982, when speculators dumped their diamond stockpiles, has De Beers' legendary grip on the diamond market seemed so shaky...
...with the recycling binge." In recent years many states and municipalities have passed laws mandating the collection of newspapers, plastics, glass and paper. But arranging for processing -- and finding a profit in it -- has proved tricky. As trucks loaded with recyclable materials arrive at processors, backlogs develop. Worse, the glut has depressed already soft prices for used paper and plastics...
...planning co-productions with European houses. That was the key: Russian arts had no choice but to look westward; as the rubles melted away and inflation sent costs soaring, survival depended on hard currency and touring. Both Russian and Western impresarios have sent a glut of performers on the road. Next year two groups currently calling themselves the Red Army Chorus will be in the U.S. Some tours have been so badly mishandled that troupes were stranded without meal money, not to speak of passage home...
...lawsuits pending against insiders, says James Newman, publisher of the Securities Class Action Alert newsletter, double the number of five years ago. Shareholders at Compaq Computer, for example, sued last year after insiders unloaded $16 million in stock just weeks before the company's stunning revelation of an inventory glut and exchange-rate problems. Compaq's stock dropped 27% on the news...