Word: gluttingly
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Take an indulgent farm policy, enhance it with advanced agricultural technology, cushion it with protective tariffs, and the guaranteed result is that old embarrassment, commodity surpluses. Once uniquely American, the farm glut has recently become international...
Americans have the long end of trade balances. The Soviets buy such commodities as bananas, coffee and cocoa on which these nations still depend and with which they too often glut Western markets...
...expectation that prices are destined to rise higher still. Investors switch their money out of fixed-yield bonds and into stocks, which are a better hedge against inflation partly because buyers think that they are. Inflation has contributed to both the stock market overspeculation and Wall Street's glut of back-office paperwork. * Because of rampant inflation, unions increasingly demand unlimited cost-of-living wage increases instead of limited boosts. Complains Paul Carmichael, a Pittsburgh electrical workers' official: "The ink is hardly dry on labor contracts these days before price increases make them obsolete...
...years ago, when the Communist Party Central Committee severely criticized the state of Soviet social science research. As a result of this turnabout, Russian specialists began taking a new look at dozens of U.S. phenomena-from the rebellion of youth, which has its parallels in Russia, to the glut of automobile traffic, which...
...proposal to the Common Market's Council of Ministers two weeks ago has made him one of the most controversial men on the Continent. In letters, irate European farmers have damned him as "Bolshevist" and a "mad dog." Mansholt replies coolly: "I have a big wastebasket." Cut the Glut. Mansholt has called for an immediate attack on Europe's agricultural surpluses, particularly of sugar and dairy products. The glut of butter, for example, amounts to 400,000 tons, and is known among Germans as the Butterberg (butter mountain). Mansholt wants to cut the butter support price...