Word: boom
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Dates: during 1940-1949
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Keyserling Says If. The sound of dispute was loudest in Washington. The President, unmoved by signs of deflation, still demanded an anti-inflation bill. In defense of this view, Administration Economist Leon Keyserling assured the House-Senate Committee on the Economic Report with some fervor last week that the boom could go on through 1949. But he qualified this and almost everything else he said with such a muddy flow of technical phrases that in the end he seemed to have uttered only one word...
Single Shift. The power shortage was born during the war, when private utilities had to cancel their expansion programs. It became worse under the demands of the postwar boom. Not only did private industry step up its power consumption by 13%, but householders increased their demands with the installation of new washing machines, television sets, and a dozen other electrical gadgets that they had not been able to buy before...
...Plata's boom was brought by: 1) Argentina's hottest summer in 16 years; 2) currency difficulties that kept most Argentines away from Uruguay's resorts; 3) plenty of inflated pesos. Some of the pesos were flung away by newly rich industrialists plunging at punto y banco, a South American version of baccarat. But most of the money came from the pockets of vacationing descamisados, who preferred roulette. The casino's main hall looked like Macy's basement as players pushed and shoved to bet at the 71 roulette tables. Most of them ignored...
...Steel's extra cut to its stockholders implied that steelmen expected the boom to continue. Said U.S. Steel's Chairman Irving S. Olds: "There has been little letup, almost no letup, in demand for steel." Bethlehem Steel's Chairman Eugene Grace entered a mild dissent: he had already detected some "softening in demand for many lines of steel." But Grace, who may have hoped by such talk to ease some of Washington's pressure for steel expansion, was not really pessimistic. Said he: "Even with the softening, I feel pretty safe in saying that our schedules...
...there was no question that after a decade of easy selling, many executives are finding themselves in a strange new world. As Randolph Hyde, treasurer of the Carnegie-Illinois Steel Corp., pointed out, probably half of them, having come to the top in an easy-selling, war-boom decade, were "without true competitive experience." They were getting it fast...