Word: glutting
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Dates: during 1970-1979
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...overproduction has watered down prices of some types as much as 40%. Prices for full-bodied malts, which give Scotch its smoky flavor, are strong now because of rising world demand; the Japanese, for instance, import malts to blend into such "Scotch-type" drinks as Suntory whisky. A supply glut, however, is still depressing the prices of grain whiskies, which are blended with malts to give Scotch its lightness...
...recent years, universities have been graduating far more students with doctorates-a record 32,000 last year-than there are jobs for them. Now a task force has reported to the Department of Health, Education and Welfare not only that there is a glut of degree holders, particularly in the humanities and social sciences, but that their overall quality has declined...
...boom was fueled largely by easier-than-expected credit. If it were to continue unabated for another year, overbuilding might set the stage for a severe slump in 1974. Nationwide, home and apartment vacancies are still relatively low, but 1972 nevertheless brought the first signs of an emerging glut in some areas where housing demand had appeared insatiable. Starts in California have run well ahead of population increases for the past two years. Apartments are in oversupply in Atlanta, Dallas, Los Angeles, Denver and Minneapolis. In Houston, after a decade of rapid construction, many apartment buildings are only 80% rented...
...completion of research for Nader's Congress Project to make sure it would appear before the elections. This first publication of the Congress Project is a compendium of stale gossip, common knowledge and worn proposals. Although the premise for the report is that an informed citizenry will act, the glut of information may be an impediment rather than a spur to the reader...
...heroin and old-fashioned alcohol have generally replaced pot and LSD; violence has supplanted Aquarian love. Now the area is open to the professional pimp, who uses a combination of terrorism, drugs and ersatz affection to lure confused teen-age girls into prostitution. The teeny-hookers have created a glut on the market, sneers a tough old pro of 20. "They want to set the world on fire -and they ain't even got their period...