Word: boom
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Dates: during 1950-1959
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...Ronald Knox resigned and entered the Roman Catholic Church. "Authority played a large part in my belief," he said later. In his new church, too, Knox was ordained to the priesthood, and soon he was back at Oxford, this time as a Catholic chaplain. For 13 years there-boom years among undergraduates for Marx, sex and sneering at authority-wispy Father Knox made his rooms a gathering place for the university's most glittering wits. It was then that he began producing smoothly turned detective novels, e.g., The Body in the Silo, The Viaduct Murder, to help...
...price index keeps climbing (see NATIONAL AFFAIRS). Yet an equally august body, the President's Council of Economic Advisers, argues that the danger of inflation has passed. Last week in Washington, a single, persistent note began to carry above the hubbub of disagreement. Its message: the greatest economic boom in U.S. history may be starting to show...
...economists argue that a severe downturn is imminent-the U.S. economy still shows too much vigor for that. But the boom psychology that has nurtured high-riding confidence for more than two years is sensitive to the least faltering in the economic indexes. Last week there was enough evidence of a flattening out in the boom, added to the cutback in Government spending, to send the stock market spinning (see below) and to have an unsettling effect on businessmen and economists alike...
...each advance. Much of the increase in personal income, which continues to set new records each month, is also offset by higher price levels. The. experts believe that people may develop a resistance to industry's high-priced products, which in turn takes more oomph out of the boom...
VOLKSWAGEN BOOM is buzzing along so fast that used cars originally slated for European drivers are being brought into U.S. and sold as import models. Franchised Volkswagen dealers are worried because made-for-Europe models lack safety devices that many states demand, e.g., shatterproof glass, directional signals, sealed-beam headlights...