Word: boom
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Dates: during 1960-1969
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Fast-growing (pop. 202,000) Valencia owes its boom to a wide-awake municipal council that is luring industry by offering good facilities, a big labor pool, tax exemptions and political peace. Marking off 2,000 acres of bushland near the Caracas superhighway in 1959, the council first swung a $300,000 deal with Ford Motor Co., which took 104 acres for a new assembly plant. The council used the money plus its own funds to attract more industry by providing electric power, opening streets, digging drainage ditches. It also took pains to see that foreigners were well treated. When...
...many public-affairs shows as it had last season. (If this was in response to Minow's prodding, he did not say so.) Stanton picked up the theme of TV's inherent greatness -"new worlds, new horizons, new experiences"-and promised that in the American cultural boom of the soaring sixties, television would develop its own classics. Early examples, according to Stanton: CBS's own Accent and CBS Reports...
Postwar Baby. Until the postwar housing boom brought a huge demand for mortgage money, savings and loan associations were little threat to the better-established and broader-based banks. Then, in home-building boom areas, such as Southern California and Florida, and around Denver and Minneapolis, the savings and loan associations pulled in deposits from all over the country by offering interest rates up to 4½% from the day of deposit, v. the banks' basic rate of 3%. Commercial bankers could not compete effectively, because their interest rates are pegged by Federal Reserve Board fiat, while...
...city is the dynamic fountainhead of the biggest, most sustained comeback that any European nation has made from World War II ashes. Germany has had its economic miracle, and France its postwar resurgence; both are still prospering but at a slightly slower pace. North Italy has sustained its boom. In Milan the Gothic finials of the renowned duomo now have to fight for recognition against a skyline of striking new skyscrapers. From the Piazza del Duomo rises the bedlam that only Italian traffic can generate. In front of the cathedral's stately bronze doors Milan is digging an entrance...
...family to run the huge (1961 sales: $220 million) Pirelli rubber company: "There's more perspiration than is normally involved in a miracle." The secret lies far closer to hand, in industrial imagination, high skills, hard work, aggressive ambition. Perhaps the finest result of the North Italy boom is the fact that, after the long years of Fascism and the humiliation of military defeat. Italy's national self-respect has been restored and is increasing by the works of its own people...