Word: bonanza
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Dates: during 1980-1989
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...tailor, is the embodiment of the American success story. He learned to cut and sew at his father's knee, and five years ago he opened his own tailoring shop on one of the busiest crosstown streets in Fort Wayne, Ind. He quickly discovered that there was a bonanza in alterations. Says he: "People had lapels on old suits altered for $35 each instead of paying thousands for a new wardrobe." The first year his shop was open, Despos did $95,000 worth of business. Today he employs his father as a tailor plus three apprentices, and the gross...
...vastly improved. The drought in the U.S., plus bad harvests in Argentina and Australia, gave farm prices a big boost. The cost of grain suddenly shot up by as much as 50%; at that point, buyers snapped up all of the grain in sight and the result was a bonanza for farmers who had been able to ride out the early months of the embargo. "For the first time in 35 years, I'm out of debt," said Clarence Adams of McHenry, Ill. He had sold 30,000 bu. of corn at more than double...
...India with the 2.5 million tons of crude oil it desperately needs next year to help compensate for the oil that warring Iran and Iraq have failed to deliver. As New Delhi saw it, not mentioning Afghanistan in Brezhnev's presence was little enough to pay for that bonanza...
...produce as much oil and gas in the future as it has in its entire history. The report claimed that there is more oil in one area of potential shale production than has been discovered in all the Middle East. The group, though, failed to say where that bonanza is located. They also pointed out that the U.S. has 60 times more coal than oil, 40 times more coal than natural gas, and is still the world leader in most energy technologies...
...will soon open a new plant in Greenwood, S.C. Sprouting up are newcomers like Automatix Inc., of Burlington, Mass., which was founded last year with $6 million from, among others, Harvard and M.I.T. Giants like IBM and Texas Instruments are weighing the advantages of getting in on the prospective bonanza. Overall, the fledgling U.S. robot industry is producing about 1,500 units per year and is projecting sales of $90 million this year. Wall Street analysts predict a growth on the order of 35% a year throughout the 1980s. That gives the industry a sales potential of more than...