Word: boom
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Dates: during 1950-1959
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...West Germany, the boom is still in high gear (TIME, Feb. 15). The German index of industrial production on March 1 stood at 158, up three points from February and 15 points higher than a year ago. Even France, the perennial sick man of the European economy, is feeling better. French output, except for farm production, sagged last year. But business snapped back, and French business leaders are hopeful that further recovery can come about as a result of the government's four-way prescription: 1) tax reductions (made possible, in part, by stepped...
Brazil's Bonanza. While France has been helped by a good crop year, Brazil has profited from crop failures. The coffee and cocoa price boom, plus tight restrictions on imports, has changed Brazil from a debtor nation nine months ago to one that has a trade surplus of almost $370 million. Cocoa prices went up 112% after the failure of the African crop. Though frost cut Brazil's coffee exports 15%, prices went up 50%. Net additional profit to Brazil: $165 million...
...before: in the Korean war month of September 1950. It was the eleventh successive monthly decline in such commercial arrears, which now amount to about a third of the total outstanding a year ago. Basic reason for Latin America's improved cash position in U.S. trade: the coffee boom...
...speed and excitement almost inevitably took to airplanes. Now the young U.S. speed fancier is apt to find his big kick in tucking a Cadillac engine into the ribs of a Ford and barreling out to surprise his friends on the highway. Among the well-heeled, there is a boom in sports cars; among the nostalgic, the urge to find a "classic," or "antique," such as a vintage Mercer, Marmon or Stutz, and fret and burnish it to an immaculate, working shine...
...buying, C.I.O. President Walter Reuther once suggested a sliding price scale with lower prices in slack seasons. But there is already such a sliding scale because of bigger trade-in allowances and discounts during the winter. And the industry is still subject to the ups and downs of boom and recession, which could easily exhaust G.A.W. funds...