Word: boom
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Dates: during 1960-1969
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...camera before it was marketed. A $35 investment in Polaroid that year would now have grown to $862. Texas Instruments, now selling at 214¾, was the subject of an April 1957 story when it sold at about 20. A June 1954 story on Ampex pointed out that the boom in prerecorded tape was made possible by the company. Five dollars invested in a single share of Ampex in 1954 would now be worth $186. Similar stories have examined such rapid risers as Litton Industries (September 1958), Brunswick Corp. (September 1959), and a host of other growth companies...
...children's books. And contrary to gloomy predictions, TV encourages more reading. Margaret C. Scoggin, coordinator of Young Adult Services for New York public libraries, says that "any story which appears on TV immediately creates a demand for the book in the libraries." She thinks that the paperback boom also boosts library circulation: "The more a student reads, the more he wants to read, the more he buys, and the more he borrows." For more and more U.S. youngsters, says Agnes Krarup, head of the schools department of Pittsburgh's Carnegie Library, "to be well read has suddenly...
...Golden Noose. Hoisted to these heights by the noose that hung Tom Dooley-the ballad was sleeping in an album they cut early in 1958-the Kingston Trio have added to the burgeoning U.S. folk music boom (see Music) a slick combination of near-perfect close harmony and light blue humor. To help their predominantly collegiate and post-collegiate audiences identify with them, the three do their best to festoon themselves in Ivy, wear button-down shirts, even chose the name Kingston because it had a ring of Princeton about it as well as a suggestion of calypso. Sporting close...
...tried to sell a pill to these lyrics yet, but any day now, some adman may. The U.S. is smack in the middle of a folk-music boom, and already the TV pitchmen have begun to take advantage of it. Pseudo folk groups such as the Kingston Trio (see SHOW BUSINESS) are riding high on the pop charts, and enthusiasm for all folk singers-real or synthetic-has grown so rapidly that there are now 50 or so professional practitioners making a handsome living where there were perhaps half a dozen five years ago. Last week, in far from mute...
Businessmen are even beginning to find some cheer in their disappointments. The Massachusetts Investors Trust, one of the nation's largest mutual funds, regards the fact that the first half did not develop into a boom as a positive factor. Says a top M.I.T. executive: "New record peaks will be reached this year, but there is no boom in the offing. It is a fact which disturbs us not at all, since a boom is always followed by a decline...