Word: boom
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...billion that the U.S. poured in since 1951 started a heady building boom, but the new factories have never had enough raw materials, were not sensibly geared to national needs, and were too expensive to run. Exports have fallen ominously behind imports, capital has fled to safe foreign banks, and since the government is too short of cash to buy raw materials, businessmen regularly resort to the black market. Last week, becoming a full-fledged member of the Organization for European Economic Cooperation, Spain vowed to change all that...
...today the change has become joltingly clear to the vintage liberals because of two events: 1) the nation's rapid surge from recession to boom without the big spending promised by the liberals in November, and 2) the failure of the attempts of Democratic National Chairman Paul Butler and the old-line liberals to force the congressional Democrats into a free-spending collision with Ike. Such a collision course, the liberals in Congress agree, would be foolish and unrealistic. Says one Senate liberal: "The Democratic National Committee is like a government in exile. They keep operating the same...
...about ready to level off and, because of the steel strike, may briefly drop a bit. After the drop they see a rise in output to an even higher level. Leading the way will be the 1960 auto model year that begins in October, and a capital-goods boom that is expected to run at the annual rate of $34 billion by the last quarter of this year...
...basic industry last week shuttered up the mills that produce the bulk of its steel, the broad-based U.S. economy was so sound in its nonsteel elements that it suffered few serious effects. In Washington high Administration economists predicted that the walkout would not imperil the economic boom-unless it lasts a painfully long time. But the shutdown immediately began to produce a stock of troubles...
JOHNS-MANVILLE. The building boom pushed company sales of materials up 17% over last year to a six-month record of $176 million, lifting earnings 71% to $1.80 a share. Said President A. R. Fisher: Earnings and sales were "substantially greater than in any quarter or half-year in the company's history...