Word: boom
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Dates: during 1950-1959
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WHILE statesmen and strongmen cope with readily visible political crises, the economic tides that lift or swamp them often begin their flow unnoticed. Across the Atlantic, the European boom that refused to bust during the U.S.'s recession months is now threatened by a downturn. Across the Pacific, Red China, out to dominate Asia politically and economically, has declared open economic war on Japan, perfecting an art in which the Japanese themselves once excelled: dumping cheap goods onto Southeast Asian markets. The deep-running courses of these economic tides are analyzed in FOREIGN NEWS: Threat of Recession and Squeeze...
...months European businessmen congratulated themselves on how sturdily their economies were weathering the sharpest U.S. recession since World War II. Now there are signs that Europeans themselves have something to be concerned about. By last week talk of a downturn in European business, hushed when Europe's boom refused to bust even during the U.S.'s greyest months, broke out in loud tones. In Rome, officials of the U.N.'s Food and Agriculture Organization warned that the price bottom might drop out of Europe's agricultural market this fall, and in London Britain's cautious...
Among the prosperous Swiss, too, "wait-and-see has replaced the boom mentality," reports the Neue Zürcher Zeitung, which forecast a 15% drop in industrial building projects for this year...
...nearby naval torpedo factory. About the only vehicles that drove through its shabby streets, until about five years ago, were the creaking buses that carried the laborers back and forth to work. Then, for no apparent reason at all, "St. Trop" (pronounced Sen-tro) suddenly became chic. Today the boom is at a height: Saint-Tropez has become the favorite Riviera resort of France's fashionable eccentric...
...offshoots of the world economic boom is an international boom in real estate. From Rhodesia to Rochester, land shoppers are clamoring for attractive parcels of property. Only ten years ago Switzerland was the only European country in which a foreign broker could easily do business in real estate; today, firmer currencies have made the task much easier -and tremendously profitable. The firm that stands to benefit most by the boom is Manhattan's Previews, Inc., the world's only international clearinghouse for real estate, and an experienced dealer in both the exotic and the practical...