Word: boom
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Dates: during 1960-1969
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...cultural interest, and the light of a theater seeking its better self far from Broadway's glaringly commercial White Way. Two questing Manhattan producers, Oliver Rea and Peter Zeisler, along with Tyrone Guthrie, were drawn to Minneapolis as a city immune to Broadway's manic-depressive boom-or-bust psychology. Guthrie, a restlessly inventive director, had already been the chief architect of Stratford, Ontario's successful festival. The trio found a fervent ally and a doggedly gifted fund raiser in Minneapolis Editor John Cowles Jr. Prophesied Guthrie, who carries his 6-ft. 5-in. frame like...
Brakes on the Boom. In the resulting traffic jam, producers, workers and customers are getting stuck. Brazil in just six years has built the world's ninth biggest auto industry, luring a dozen producers by giving them ample credit, tax and tariff help, and virtually banning imports of cars completely assembled abroad. But Brazil's current and belated austerity program is hurting its auto boom. Curbs on credit have cut back buying and wiped out the backlogs of orders; automakers have reduced production by 30% and laid off 3,000 workers. Argentina has attracted 26 auto companies...
Thanks to the nation's miraculous eco nomic boom. West Germans today are more concerned with paychecks than with princely comings and goings. But the country's economic and social transformation has failed notably to produce a unified, national Fuhrungsschicht (leadership layer) in place of the old aristocratic ruling caste. The result is a confused and confusing society in which, says Sociologist Ralf Dahrendorf, there is not one class of Prominenz but "a multitude of competing groups." The "pyramids of power" include the church, the military, local government and such venerable universities as Tubingen, Gottingen and Heidelberg, where...
...wake of the golfing boom-now the biggest in the history of the sport-is a burgeoning, popular, profitable boomlet: compact golf...
...Manhattan Bank Vice President William F. Butler figures that G.N.P. will reach $582 billion in 1963 v. 1962's $554 billion, and others now feel that it may hit $585 billion. "There's an old saw," says Boston Federal Reserve Bank Economist Paul S. Anderson, "that a boom begets a bust, but it is also possible that the lack of a bust begets a boom...