Word: surplus
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...limestone cave in Kansas City, Kans. Below ground, workers descend upon the boxcars and begin unloading the crated cargo. The tight security suggests an underground nuclear test facility, or maybe a toxic waste storage dump. In fact, the site is actually the U.S. Government's largest warehouse for surplus butter...
When Ronald Reagan in April lifted the partial grain embargo against the Soviet Union that had been imposed by Jimmy Carter 16 months earlier, it was clear that the U.S. was willing to sell its harvest surplus. Not so certain was whether Moscow was willing to buy, and, if so, how much. After a day and a half of bargaining in London last week, American and Soviet trade officials announced that the U.S.S.R. will be allowed to purchase 3 million metric tons of wheat and 3 million metric tons of corn above the 8 million tons it is allowed...
...exporting nations that have cut their prices keeps growing longer. After years of feasting on high prices brought on by petroleum scarcity and soaring demand, the oil-producing states are discovering that the price of crude can go down as well as up. Drooping demand and a steadily swelling surplus production of some 2 million bbl. per day have created a miniglut that grows bigger by the week...
...price of oil, the Saudis have refused to mimic price hawks like Libya, Iran and Iraq. Instead, the Saudis for the past nine months have been pumping nearly 2 million bbl. per day above their self-imposed limit of 8.5 million bbl. daily in order to create an oil surplus and drive prices down...
...only is the budget balanced, but Voinovich proudly announced last month that the city was facing a $3.9 million surplus. Says Cuyahoga County Democratic Chairman Tim Hagan...