Word: boom
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Dates: during 1950-1959
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...civilization sporting a handsome beard (TIME. July 15). Steeves. 23, was taken in tow by Air Force pressagents, sat for newspaper interviews, repeatedly told his dramatic survival story on TV. and finally got a $10.000 offer for his story from the Saturday Evening Post. Last week the sonic boom cracked around Dave Steeves's ears; the Satevepost announced that it was canceling its contract, and Steeves's wife Rita announced that she was considering a divorce...
BIGGEST LAND-LEASE BOOM in Washington State since turn of century is being touched off by state's first big oil well (TIME, July 29). Oilmen have filed about 800 bids for leases on more than 450,500 acres of state-owned land, mostly near Sunshine Mining Co.'s test well outside Ocean City...
Banker Land figures that the population boom will not boost general prosperity unless there is an "accompanying increase in real income and real productive capacity per person." And there is less chance for this now because "children and old people account for most of the expansion in our population. Consequently, the working force must run faster in order to stand still...
...many businessmen, worried about soft spots in the economy, the nation's bankers last week gave solid reassurance of the continued strength of the boom. The demand for credit for expansion of all kinds is still so great-and money so tight-that Manhattan's Bankers Trust Co. boosted its prime rate for loans from 4% to 4½%. Banks around the country soon followed. Two days later the Federal Reserve Board approved a boost in the discount rate by four of its twelve district banks from 3% to 3½%. The new Fed rates, highest since...
...increase in prime rates, plus the fact that borrowings from the Federal Reserve system had soared from $553 million to $1 billion in one week forced the Fed's hand. This seemed solid evidence to the Federal Reserve Board that the real danger is still inflation-and the boom still has plenty of steam...