Word: boom
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...money" as an economic stabilizer, urged renewal of the Truman Administration's "easy money" policies. Credit restraint by the Republicans, charged the report, had not only failed to halt price upcreep but had also slowed the growth of the economy. Giving themselves the best of the Korean war boom, the Democrats contrasted a 4.6% yearly increase in the U.S. gross national product from 1947-53 to a sluggish 2.3% annual rate of increase since 1953. Within easy reach by Democratic reckoning: a sustained 4.5% annual growth rate...
...were laid to clumsy Administration handling of defense cuts and refusal to use pump-priming tax reduction. As inflation-wary as the Administration, the Democrats were equally earnest about piling up big federal surpluses earmarked for reduction of the massive federal debt. Rising tax rates in boom time would retire federal debt, leave more funds for private borrowing, they held. Falling tax rates in time of slump would restore private buying power, bolstered by prompt expansion of federal spending on economy-reviving programs...
...nations they govern include the biggest in the hemisphere. Argentina's Arturo Frondizi, inheriting the Santa Claus economy built by Juan Perón, has fearlessly shot Santa Claus and put the nation to work. Brazil's Juscelino Kubitschek is daringly steering the fastest boom in Latin America, industrializing the country with printed money. Colombia's Alberto Lleras Camargo is bringing political peace in the wake of two dictatorships and moving toward a sound program of land reform. Chile's Jorge Alessandri is tackling one of the world's worst cases of inflation...
Through the U.S. business community ran a puzzling undercurrent of uneasiness, prompted in part by the stock market's slump (see above) and fear that tight money will nip the boom. As they looked ahead into the 19603, many businessmen also realized that the prosperity envisaged by economists will demand a lot of no-nonsense elbow grease. Yet news from all areas last week showed the economy to be strong. Items...
AUSTRALIAN BOOM will get fresh fuel from Shell's $50 million refinery expansion near Sydney. By 1963, the Shell gasoline plant will be capable of turning out 250 million gal. yearly, 25% of Australia's needs...