Word: surpluses
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...Godfrey, Ill., in Where the Sky Began, his evocative story of the fecund heartland. Nearly a year's production of corn lies unused in bins and warehouses. A quarter of a year of soybeans is stored up. The Western plains are piled with a year's worth of surplus wheat. The harvest of the new wheat crop is almost finished, and it is a whopper: 2.2 billion bu. Providence seems to be pushing us toward some rendezvous with disaster. The Corn Belt is like John Bunyan's idyllic Beulah -- or a dark Gehenna. Corn is king...
...this year, the companies have sold a total of 4.9 million autos, a 3% decline from 1985. In the past few weeks Ford has engineered a sharp sales upturn, thanks partly to the sudden popularity of its futuristically styled Taurus and Sable vehicles. But GM has a troublesome surplus of more than 1 million unsold 1986-model cars and trucks. In a bid to shrink its swollen inventory, GM late last week postponed the roll-out of its 1987 models, from Sept. 25 to Oct. 9, and announced some dramatic come-ons. The automaker will offer customers a choice...
...like their 350th ancestors, have had to defend them-selves against charges that their party is a mere fundraiser in the guise of a more sacred event. (The white males who ran Harvard in the late 20th century went to their graves denying the much-rumored connection between the surplus from the 350th and the subsequent development and deployment of the Harvard Space Shuttle, which proved invaluable when the College opened its Lunar Extension School...
...abide by the agreement, they are fighting a formidable oil glut. Some 200 million unsold barrels of oil linger on the market today, and the inventory has been building at the rate of 2 million bbl. a day. Despite the cutbacks, some experts argue, there would still be a surplus that would depress prices...
...coffers of Japanese banks have become swollen because of their country's huge trade surplus, which this year is expected to reach a record $56 billion. The banks have no way of investing all that money domestically. Moreover, they are eagerly expanding abroad because they have more freedom from government regulation on foreign shores than at home. Partly for that reason, they have invested about 25% of their assets overseas...