Word: boom
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Dates: during 1940-1949
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...Boom, Boom. It was the throb of a favorite-son boom for Chief of Staff Dwight D. Eisenhower, who in 1948 will become President Eisenhower of Columbia University. Behind the drums were Roy Roberts' potent Kansas City Star and a would-be Eisenhower campaign manager, Alf Landon, who had pointedly stayed away from Dewey doings in Kansas City. A fortnight ago Ike had again denied his political ambitions, but announced: "I haven't the effrontery to say I wouldn't be President." No one knew better than Dewey, beaten by Willkie in 1940, how much spontaneous combustion...
Last week, an Austrian court declared the law unconstitutional, on grounds that it alienated property rights and ran counter to national interest. Bustards, which make a sound between a croon and a boom when excited, could again breathe easy. But Carinthian Socialists were not discouraged. Next on their list for nationalization: fishing...
...railroads had some cogent arguments: since 1939, rates had risen only 17.6%, but wages had risen 53%, materials 60%. The war-boom increase in traffic was no longer enough to make up the difference. Furthermore, 1,000,000 non-operating railroad workers are demanding a 20?-an-hour pay boost, which would add $572 million a year to railroad costs; the railroad brotherhoods are demanding 44 changes in operating rules, which the railroads claim would cost another billion. If these increases are granted, said the railroads, even a 16% rate increase will not be enough...
Fortnight's Boom...
...expected their own business to fall off. This optimism caused The Wall Street Journal to observe: "The . . . recession has the exact characteristics of the standard two-headed calf. As everyone knows, that animal is always in the next county, never in this one. ... A mild recession that dispels the boom psychology will be a welcome guest...