Word: boom
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Dates: during 1960-1969
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...little, rough-hewn houses date back to the 16th century; its oldest hotel, the Monte Rosa, was opened in 1838, is a triumph of Gemütlichkeit at $8 a day; full pension, in high season. But like many another old resort, it is caught up in the new boom; in the past five years, the amount of hotel space has doubled, so that now the village can take care of 12,000 winter vacationers at one time...
...chief job over the next three years will be to carry out a $210 million expansion program that is Kellstadt's legacy to Sears and an even more ambitious growth plan than General Robert Wood's $300 million, six-year (1946-52) expansion bet on a postwar boom...
Profiteering is not the only danger suggested by the shelter boom. Legislation now before Congress ascribes a quasi-military function to private buildings, blurs the distinction between civil and national defense, and jeopardizes the strike right of building-trades workers in the name of national survival. Needless to say, Rockefeller's political stance and rhetoric before the New York Assembly subcommittee adds considerable impetus to such frightening developments...
Last week's flow of strong earnings reports would probably not drown out the U.S. businessman's perennial plaint about "the profits squeeze," but it did show that well-managed companies can do very nicely even in a non-boom year. Since 1960, with its second-half sag, was no boom year either, some gains in 1961 profits were predictable. But, in fact, substantial increases over 1960 profits were common in oil, chemicals, business machines, electrical equipment and even railroads. Pre-tax profits for U.S. business as a whole increased from $45 billion in 1960 to $46.1 billion...
...Boom Time. The Depression, being the low ebb of U.S. capitalism, was naturally enough the boom time of intellectual commerce between the Kremlin and the U.S. Party Leader Earl Browder could declare with a straight face that "Communism is 20th century Americanism," and half the leading U.S. writers believed him. The aging Lincoln Steffens could return from Russia declaring "I have seen the future, and it works." It was the time of the fellow traveler, and among the famous fellows who traveled were Ernest Hemingway, John Dos Passos and Theodore Dreiser...