Word: boom
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Dates: during 1950-1959
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...unanimously pledging the state's 76 convention delegates (half a vote each) to support Symington for the nomination until released, Convention Chairman William E. Kemp and fellow-Democrats hoped that they were starting a boom that would end in Symington's nomination-possibly on the third ballot. They recalled that their man had won his senatorial nomination in 1952 over Harry Truman's opposition, and carried Missouri (by 150,351) while Dwight Eisenhower was winning the presidential vote (by 29,599). Some Symington enthusiasts wanted to ride right off to launch a national campaign...
With a rip-roaring locomotive that dumfounded onlookers and customs men, the greying junketeers began their reunion with a rousing "Tiger, tiger, tiger, sis-boom-bah!" Then, starting out in Tokyo (where they lunched with onetime Japanese Ambassador to the U.S. Eikichi Araki, a Princeton graduate school student in 1923), the visitors set out to see Japan. Amidst a profusion of potent Japanese beer, sake, bourbon, Scotch and all manner of native dishes, they saw Fujiyama mantled in unseasonable snow, famed shrines and spas, one geisha dance so laden with obscure symbolism that Host Osawa told his mystified buddies...
...Throttling the Boom...
...Federal Reserve Board, as it has often been in the past, was under bitter attack last week. The ruggedly independent agency, which in 1951 was roundly belabored as an "engine of inflation," was now just as severely criticized as a boom-toppling instrument of deflation, largely because of its credit-tightening action. Amid the growing furor over credit, Texas Representative Wright Patman called for a full-dress congressional investigation to find out if the Federal Reserve has pinched credit too tight. Treasury Secretary George Humphrey, Commerce Secretary Sinclair Weeks and White House Economic Adviser Arthur Burns have all voiced public...
WEST GERMANY'S BOOM has reached point where bankers worry about bust. To check inflation, bankers have nearly doubled loan discount rate to 5.5%, started bitter fight with industrialists. Chancellor Konrad Adenauer says credit pinch threatens entire recovery...