Word: boom
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Dates: during 1960-1969
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...fritz. Thermonuclear war is about to start by mistake. The President of the U.S. calls Khrushchev on the hot line to Moscow. To convince Khrush that the U.S. intended no aggressive action, he promises to order New York City obliterated, tit for tat. Khrush is agreeable. Moscow goes boom. New York goes boom-and with it the President's lovely wife, who happens to be visiting there. But peace-such as it is-is preserved...
...Star in Their Eyes. Though they have ridden high on Puerto Rico's boom, the Ferrés' interests are not confined to the island-or just to business. In 1954 they bought one of their former customers, Florida's Maule Industries, whose cement products have gone into most of the Miami Beach hotels. In their home town of Ponce, the brothers have put up $1,000,000 for a new university. And Luis Ferré, a passionate art collector, recently engaged Architect Edward D. Stone to design a new home for Puerto Rico's solitary...
...statements against their yearlong apprehensions, many businessmen at year's end might sigh along with Mark Twain: "I have known a great many troubles, but most of them never happened." It was that way in nearly all the world's industrialized nations?a year of growth but not of boom. Western European businessmen, lately accustomed to seeing their economies expand by more than 7% a year, had to content themselves with growth rates that ran as low as 4%. Japan's tycoons cried recession because their nation's expansion rate sank from a spectacular 19% in 1961 to "only...
...expectable. What came as a surprise was the impact the steel crisis had on the public. Throughout the palmy postwar era, continuous inflation had boosted U.S. corporate profits and inspired millions of Americans to invest in stocks as a hedge against rising prices and a bet on future boom. The angry debate over steel brought home to the public the fact that inflation had been all but stopped for two years. When this realization sunk in. what had begun as an orderly decline in an overpriced stock market abruptly turned into a rout...
Other businessmen, however, see no dynamic new force on the horizon likely to send the well-fed, well-housed, abundantly equipped U.S. into a new boom. Instead, some fear that the U.S. may have to rely for domestic growth chiefly on its normal population increase?which seems to expand the economy at a disappointingly modest 3% a year. Faced with this prospect, which the economists have dourly christened "high-level stagnation." U.S. businessmen in 1962 increasingly looked abroad to markets where millions for the first time had money to spend for much beyond the bare necessities. ''When the aluminum market...