Word: boom
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Dates: during 1960-1969
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...sure he would fall within six months after he took office in 1954. Instead, he and his country have survived and thrived. Rice exports have quadrupled and currency reserves are at a record level. To Diem's credit is a successful land-reform program, lower rents for peasants, a boom in light industry; with the help of almost $2 billion in U.S. aid, he has built a network of roads, irrigation projects, power plants and rail lines...
...little countries" (Lithuania, Estonia, Latvia) have vanished outright from the map and seven more have been sealed behind the Iron Curtain, Gunther finds that Western Europe, by contrast, is a far more hopeful place. In most countries, "democratic impulses are comfortably on the ascendant." Europe is enjoying an unparalleled boom, and the Common Market has pushed it closer to economic unity in a quarter-century than it had moved in the previous 500 years. More important, U.S. troops guard the Rhine. For if one thing has not changed, says Gunther, it is Germany's crucial role...
...record $94.24 last month, up $2.64 from a year ago. But savings have risen still faster, from 7.1% to 8% of earnings. If the experience of past recessions holds true, the savings will begin to be spent as soon as the public feels confident that a new boom is in the making. Consumer optimism is already on the rise, reported the University of Michigan's reliable survey of consumer buying intentions last week. Asked if it was a "good time to buy," 44% said yes for cars, 42% said yes for houses-a significant shift of opinion from...
...Lawrence Seaway is an engineering masterpiece designed to produce economic miracles. It hasn't quite. In the confident hope that a deepwater channel would churn up an international trading boom in the North American heartland, Canada and the U.S. sank $442 million into the Seaway. Last week, as the Great Lakes shipping season approached its crest (unaffected by the coastal shipping strike), the two-year-old Seaway had lost some of its glamour. Says Milwaukee Port Director Harry C. Brockel: "It hasn't been as spectacular as expected. But then, a lot of people were looking for wonders...
...year existence. Chris-Craft has consistently outdistanced its competitors by combining innovation with craftsmanship (TIME cover, May 18, 1959). As one of the chief instigators, and as the prime beneficiary of the U.S. boating boom, Chris-Craft has averaged 14% growth every year since 1946. But by the late 19505. Chris-Craft, though still on top was not in tiptop shape. Run almost singlehanded by Chairman Harsen Smith with occasional advice from 53 other Smiths, the family-owned corporation was in visible -danger of losing its position as the company that made the right moves first. Says one top Chris...