Word: boom
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Dates: during 1960-1969
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...advancing tourist flood spills over into Greece, the Middle East and across Asia, the first postwar hotel boom is being followed by another. Hilton opens in Athens this month with a hotel overlooking (the big word in hotel-promotion nowadays) the Acropolis. Intercontinental is building near Jerusalem's Mount of Olives on the Arab side, overlooking the old city. The Egyptian government last year launched a five-year plan to build 40 hotels. Sprinting toward the 1964 Olympics, Tokyo builders have 14 new hotels in the works. New hotels are under way or planned in such once remote spots...
...building boom is not confined to the hotels, which were host this winter to a record half-million tourists. On the edge of the city, entire new suburbs are in being or abuilding. At Medinet el Waqf, Egypt's new managers are housed in modern stucco cottages. On the northern rim of the city, 40,000 low-cost housing units were erected last year...
...real economic upsurge, and that view was supported by the Federal Reserve Board's report that industrial production remained unchanged in February. Capital spending still amounts to only 6.8% of this year's projected $578 billion gross national product v. 1957's 8.3%. To bring on boom times, economists agree, capital spending should rise 13% to 15% over last year...
Picked by many to finish on top, the Canadiens were plagued by injuries to goalie Jacques Plante, defensemen Tom Johnson and Lou Fontinato (who is in hospital with a broken neck), and forwards Bernard "Boom Boom" Geoffrion, Dickie Moore, and Gilles Tremblay. Rookie defenseman Terry Harper and newly acquired left-winger Bill McCreary will prove valuable to the club in the coming Stanley Cup playoffs...
...postwar baby boom has long been expected to provide expanding markets in the '60s, since growing numbers of young people stimulate the need for new schools and recreational facilities, and should touch off a burst of homebuilding and durable-goods sales when the young marry. Yet without a sudden spurt of economic growth or a determined effort to upgrade the skills of its youth, the U.S. may well find that when the new wave of young people begin to reach working age in huge numbers in 1965, many of them will be lining up for unemployment allotments instead...