Word: surplus
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...seems that the more the oil squeeze tightens, the bigger grows the glut of other fuels that ought to be easing the pinch. First came last winter's natural gas surplus brought on by price decontrol. Now, from West Virginia to Wyoming, miners are burying themselves under millions of tons of stockpiled coal that no one wants...
...have benefited from low labor costs and long-term contracts at profitable rates. But other companies have wound up merely digging up the coal and dumping it on the ground. Utility companies have stockpiled so much that many now have no more room to store the fuel. Meanwhile, the surplus is forcing down contract prices for single shipments, which have tumbled from about $31 a ton a year ago to as little...
...coalition, the Gaullists. Last week, at the insistence of Gaullist Leader Jacques Chirac, the French parliament was called into emergency session for the first time since World War II. Although Barre has succeeded in stabilizing the franc by turning France's trade deficit into a surplus, he has been unable to lower inflation, currently 10.2% annually. Moreover, his policies led to a one-third increase in unemployment, which last month reached a new high of 1,284,800, or 5.8% of the work force...
...reign failed to resuscitate the financially ill company, leading to the 1969 demise of its flagship magazine, the Saturday Evening Post; of cancer; in Santa Barbara, Calif. A lawyer, Clifford became president of the Philadelphia company in 1964, inheriting bank debts totaling $37 million. Though he showed a small surplus in 1966, he was unable to stem further losses and was ousted...
...business doubled in seven days. Healthy competition can keep prices from rising, but competition is sharpest when there is a surplus of gasoline and weakest now, when supplies are tight...