Word: boom
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Dates: during 1940-1949
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...their big moment before the nation's most exacting (and jaded) high-brow musical audience. The Manhattan recital season was off again last week to its characteristically chaotic start. At the box office, Manhattan's ticket salesmen were jubilant. As in 1917, they reported a recital boom...
Possibly Henry Morgenthau was learning these hard truths in London last week. But on his past record he will probably continue to think about war financing in terms of the cheap-money theories of the '30s-will go on trying to fight a war boom as if trying to fight a depression. And timid Mr. Morgenthau in sticking to his fetish of 2% is likely to find that either he has to take control over the entire credit system of the nation or add to the inflationary fires...
Reorganization of railroads that went bankrupt before the war boom started is going to be just as drastic as if the war boom had not happened. Such was the gist of an ICC decision last week. With only minor changes it approved the New York, New Haven & Hartford reorganization plan, slashing capitalization from $475,000,000 to $365,000,000. The drastic part of this decision was that the reorganization completely wipes out the old stockholders, although in the first eight months of this year net profits totaled $11,350,000 -$5.77 a common share...
Glamorous. White-haired, farsighted Thomas Ray, IBBMISBWHA's business agent in Portland, was a boilermaker during World War I's shipbuilding boom, saw union funds wasted then, decided to avoid similar squandering this time by building a marble-fronted palace for his union on Portland's Third Avenue. To querulous persons who wonder how this prevents waste, Tommy Ray explains: "This is no extravagance. When the boom is over, the money we'll make off our bowling alleys alone will keep the building going...
...paper U.S. exports look good: 1942's estimated $7 billion will be the best since the 1920 world reconstruction boom. But 65% of them (excluding supplies to armed forces abroad) will be Government-shipped Lend-Lease goods. For exporters to keep their foreign organizations intact is nearly impossible, but they have plenty of work to do. To many a country 20-odd licenses, permits, other documents are necessary for even a $5 shipment...