Word: boom
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Dates: during 1940-1949
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...boom-inflated U. S. utility holding companies, the most preposterous was not Howard Hopson's Associated Gas & Electric (TIME, March 4) but a smaller pyramid in which Hoppy once had a large voting interest. This was the $400,000,000 fantasy called Utilities Power & Light Corp., put together by a Chicago Christian Scientist and Shakespeare devotee, Harley Lyman Clarke. Crueler than death has been the fate of ex-tycoon Clarke: by 1938 his own lawyer officially admitted he was too poor to be sued. Unlike Hopson (who built up good operating utilities on the theory that fat cows give...
...feet of lumber from Duluth grain elevators. To keep up with their destruction, the Roses need 200 administrative employes, sometimes employ as much as $100,000 worth of equipment on a single job, including bulldozers, clam shell buckets, a two-ton steel weight swung from a boom to batter walls and floors. But peacetime wrecking technology is not subject to much change...
...pride. One of Director Kimball's favorites is an English Tudor room from a hunting lodge of Henry VIII. Its donor, staid Publisher William L. McLean of the staid Philadelphia Bulletin, would turn in his grave if he could hear genial Fiske Kimball halt in it, boom out: "This may be the very room in which Queen Elizabeth was conceived...
Such Kimball coups have built the Philadelphia Museum. But modest Fiske Kimball refuses to take credit for them, has a beautifully simple explanation for the museum's success. "First we exploited the boom," says he. "Then we exploited the depression...
...glum business world, still choked with inventory from the war-spurred boom of late 1939, it was a Page One story. For last week's steel production rate had sunk to a dismal 60.7% from the 90%-plus of last October-December. And on the Stock Exchange, U. S. Steel was stranded around 55, down one-third from last September when Hitler's mechanized army was mopping up Poland...