Word: gluttingly
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...garbage glut has prompted thousands of parents to toss their disposable diapers and turn back to cloth. Their environmental awareness has fueled a rebirth for diaper services in hospitals and homes, sending revenues up 38.5% last year, to $250 million. Riteway Diaper Service of Brooklyn, N.Y., has had a 300% increase in demand over the past twelve months. Dy-Dee Service of Washington, D.C., kept more than 400 families on a waiting list late last year. General Health Care, which owns a string of 13 diaper services from New York's Long Island to Phoenix, is adding...
Because of an auto-production glut and a consumer hunger for bargains, the Big Three have become dependent on incentives to move merchandise. Result: even when car sales are decent, profit margins are thin. General Motors said it gave up $5 billion in incentives in 1989, or $900 for every vehicle it sold. Ford pegged its incentives at $1,000 per vehicle, Chrysler at $1,200. As part of its current restructuring, Chrysler last week announced the $825 million sale of its aircraft subsidiary, Gulfstream Aerospace, to a management-led group...
...seven months ago by American firms to compete in the Japanese-dominated market for memory chips. With such powerful backers as IBM and Digital Equipment, U.S. Memories planned to build a $1 billion plant to produce chips for everything from personal computers to missile-guidance systems. But a worldwide glut of memory chips, which has pushed prices lower, prompted many would-be investors to back out of the project...
...tech wizardry to Wall Street's takeover deals, the Northeast was on a roll during most of the Roaring '80s. But Wall Street launched a series of layoffs after the 1987 crash and the Massachusetts minicomputer industry went into a spin. The double whammy left the region with a glut of unsold houses and banks with billion- dollar portfolios of bad loans. The Massachusetts economy, which grew more than 7% in 1984, shrank about 1% last year...
...money-laundering center can be spotted by the huge surplus of cash that flows into the local branch of the Federal Reserve System. In 1985 the Miami branch posted a $6 billion excess. But after several years of intense federal probes of South Florida banks, Miami's cash glut fell last year to $4.5 billion. Much of the business went to Los Angeles, where the cash surplus ballooned from $166 million in 1985 to $3.8 billion last year. Despite such rocketing growth, the staffing of federal law-enforcement offices in L.A. still lags far behind the levels in Miami...