Word: boom
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Dates: during 1960-1969
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...kept his own great collection closed to the general public (TIME, Jan. 2), Thompson, at 61, is something of a legend in his own lifetime. He made his fortune during World War II when he took over a number of dying steel plants and kept them alive until the boom. Even before he hit big money, he had begun buying modern paintings. He gave the impression of never having read a word about art, but there was no doubt that he had an eye for the best...
...team of workers prowled the parade route atop a mobile boom, spraying the sycamores with a bird-repellent, Roost-No-More, which is hopefully expected-at a cost of $10,000 to the inaugural committee-to keep the top-hatted politicians and a million spectators safe from Washington's plague of starlings (it worked fine...
...Booming Homes. Almost as intensive as the search for jobs was the search for homes-especially in stately old Georgetown, where an outlandish real estate boom was well under way. The big attraction was proximity to the Kennedys' home on N Street-even though the Kennedys will soon be moving to 1600 Pennsylvania Avenue. Home sellers take delight in burbling that their little gem is "just nine blocks from the Kennedys," and the closer the address, the higher the price. One brick row house across the street from the Kennedy home-in a bad state of disrepair-is priced...
Actually, Fleming did not have to push very hard. Though Canada's dollar hit a record high of $1.06 to the U.S. dollar in August of boom year 1957, it has been in slow decline since then. Since mid-1960, when a business slowdown was unmistakably felt in both nations, U.S. interest in Canadian investments waned to the point where the dollar dropped to $1.02 just before Fleming outlined his high-tax prescription fortnight...
There was much to remember in 1960 before forgetting. With the business boom, companies were able to increase their year-end bonuses to employees by 20%, to a national total of $1.4 billion, still have plenty left to pay for parties. One company alone, Yawata, the nation's largest steel producer, spent an estimated $150,000 on its bohnenkai last year. Besides regarding the parties as a safety valve to let their hard-working employees blow off steam, businessmen use them to entertain favored customers and government officials. At other times in the year, such entertaining would be frowned...