Word: glutting
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Jackie Jung, Bell Service public relations manager, said the computer damage occurred at 3:30 p.m. and was repaired within six minutes After the repair, however, a glut of outgoing phone calls overloaded the computer's switchboard and prevented the phone company from restoring full service for an hour and a half...
Land Leasing. The leasing of coal lands during a market glut (at a loss of $100 million, according to the General Accounting Office) prompted the creation of a coal-leasing review panel, and Watt's insensitive description of the panel's "balance" precipitated his exit. Overall, the federal land leased to coal-mining companies more than quintupled under Watt. Conservationists fear that many leases were granted hastily, without proper environmental impact studies...
That may strike consumers as too gloomy a view, since the world is currently awash in a glut of oil that, according to some experts, may continue for a decade or more. The 1973 embargo and the 1979 supply interruption that followed the Iranian revolution helped spur reductions in demand and a spate of conservation measures. Despite a decade's growth in population, total domestic oil consumption today (15 million bbl. per day) is even lower than the level of 1973, an achievement not anticipated then. Autos made by the big three domestic manufacturers averaged roughly 12 m.p.g...
...coke glut could last until late 1984, and possibly into 1985. High-grade coke started flooding South Florida last spring, after illegal Colombian coca plantations seeded four years ago started bringing in four crops annually, double those produced in Peru and Bolivia, where coca is grown legally. Colombian smuggling groups anticipated the record crop by upping the refining capacities of their labs. "They've overproduced, like General Motors turning out too many Chevrolets," says Nehrbass. Coke's wholesale price in Colombia has fallen from $22,000 to $9,000 in the past year. To reduce inventories, drug wholesalers...
Officials fear that as the powder's retail worth falls, new, less affluent buyers will become regular customers. The going price per gram is $75 to $100; the glut could cut that to $50 or even $25. Coke is reaching the streets in a purer, stronger form. All this worries Dr. Charles Wetli, Dade County's deputy chief medical examiner: "If the price drops and there is an increase in purity," he warns, "you're going to have a lot more deaths from snorting and free-basing...