Word: boom
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Dates: during 1940-1949
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Ruml tends toward a "compensatory budget," i.e., heavy governmental spending in depression years to keep up purchasing power, diminished government spending and consumption taxes in boom years. More specifically, Ruml would levy taxes which would balance his estimated postwar budget of $18 billion only at a high level of employment (probably around a national income of $140 billion...
...market dopesters, this was the long-awaited statistical proof that the boom was finally on. Typical item: Graham-Paige, which less than a year ago went begging at 1¼, was frantically grabbed at 7¼, at week's end was second on the list in shares traded...
...mood for the "L.S./M.F.T." (Lucky Strike Means Fine Tobacco) buildup will be more boom-de-ay than swoon-away. For $3,500 (and no piping deductions), Manhattan-based Metropolitan Opera Star Lawrence Tibbett last week began singing his own barrel-chested versions of such popular nifties as Don't Fence...
...postwar version of the War Labor Board will be needed to keep a temporary grip on wages, and WPB will have to keep a light touch on raw materials to: 1) make sure that small business is not squeezed out in the first buying rush; 2) prevent a speculative boom such as helped bring on the postwar collapse...
...behind this rise that carried the eleven-store Gimbel chain ahead of arch-rival R. H. Macy & Co. as well as Federated Department Stores and May Department Stores, is greying Bernard Feustman Gimbel, 59, robust, genial patriarch of the Gimbel clan. He had a hunch that the war would boom retail sales. So he turned his buyers loose with instructions to order all they could of consumer goods which would be among the first casualties...