Word: boom
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Dates: during 1950-1959
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Galbraith, an economic aide to Stevenson during the 1952 election campaign, was accused Monday by Capehart of being a "gloom and doom adviser" to the Presidential nominee. Capehart is the ranking Republican member of the Senate Banking Committee investigating the 18-month boom in the stock market...
...upwards 1,000,000 yearly for the next five years. Said Smith: "I would expect to find some local problems, some temporary gluts and vacancies . . . But I don't believe, and I can't find any other construction economist who believes, that we are facing a boom-and-bust situation in housing so long as the rest of the economy remains prosperous-as it apparently will remain...
...Soft Spot. Both builders and bankers agreed on the soft spot in the construction boom: the 100%, 30-year mortgages backed by the Government through the Veterans Administration. The no-down-payment terms were originally designed to help veterans during the critical postwar housing shortage, were expected to taper off as the shortage eased. But actually, no-down-payment loans have climbed from 8% of all VA-guaranteed loans in 1953 to more than a third by the end of last year. Almost 10% of the loans are the no-no-down-payment type; they even cover...
...Whom the Boom. Matusow, expelled from the Communist Party in 1951 as a cheat and informer, has become a party hero since repudiating the testimony that he once copiously volunteered against Communists (TIME. Feb. 14). Questioned by Senator Eastland's Internal Security Subcommittee, Matusow alternately peddled the party line and his own brand of humor. With a sly smile he told of writing a poem, For Whom the Boom Dooms, about the H-bomb...
...motel boom shows little sign of slowing down. Around the U.S. last week, some 900 newer and bigger motels were either under construction or in the planning stage. Yet the motelman, eyeing peak auto output and rising tourism, sees nothing but a happy future for the smart operator. Says Seattle's Frank Seal, owner of a 55-room motel that he built in 1947 for $92,200 and now values at nearly $400,000: "It just isn't for sale. This is just too good a thing not to hold...