Word: boom
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Dates: during 1950-1959
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...boom in Western Europe has lifted living standards all over the Continent, says ECE, but few Western nations have taken advantage of prosperity to step up their capital investments, and thereby boost production. Russia and her satellites, on the other hand, are investing about 25% of their national income in new factories, new machine tools, bigger inventories and more defense equipment. By ECE's rough comparison, Italy. Austria, The Netherlands and West Germany put only 10-15% of their income into expanding the economy. France spent only 8% of its income for new production, and at the bottom...
...Virtually all governments of Western Europe are committed, in principle, to the need for a high rate of investment," says ECE. But in trying to keep the boom from getting out of hand, many a government has resorted to high taxes, to price and currency controls that have actually restricted investment. All, says ECE, should attract more private investors into stock ownership, revise taxes and depreciation allowances to hike returns on risk capital...
...World War II the new city that rose from the rubble of blitzed Coventry has epitomized British economic recovery. Coventry's citizens last year made higher wages, owned more autos and TV sets, built more houses than those of any comparable city in Britain. But Coventry's boom is being blitzed by the government's deflation program (TIME, Feb. 27). The auto industry, which employs 60% of the midland city's 172,000 workers, last week was shutting down assembly lines and was cut back to a four-day week, while unsold cars spilled over onto...
...Boom & Bust. All of Inco's production came from its famed mines near Sudbury, Ont., where the company has drilled a 396-mile spiderweb of underground tunnels fanning out through five mines. Sudbury is to nickel what Minnesota's Mesabi Range is to iron, at one time supplied more than 80% of the free world's nickel. But the credit for making it pay off goes to a pair of hardheaded metalmen with the know-how and vision to turn nickel into one of the world's most important minerals: Inco's onetime President...
...early days nickel was almost entirely a war baby, whose greatest value was for armor-piercing shells and armor plate. Inco gyrated between boom and bust, went from a $10 million profit in 1917 to an $800,000 deficit in 1921 when defense needs slacked off, and the company actually had to shut down for twelve months, Stanley and Thompson worked years to find peacetime uses for the fabulous nickel lode, helped develop heavy-duty nickel steels for dozens of products, taught businessmen new ways to use nickel in household equipment, autos, steel and other products...