Word: boom
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Somebody with an adding machine has come up with the fascinating fact that there now are exactly 102 major-league professional sports teams in the U.S. The boom in pro sports may be great stuff for the ticket printers, pennant makers and hot-dog vendors, but it is pretty baffling to most ordinary people. Just who are the Anaheim Amigos and the Seattle Supersonics?* And what are the Los Angeles Kings doing on top of the National Hockey League...
Other Harvard graduate schools, which expect the same reflection of the post-war "baby boom," are anticipating that the new draft law will have a much greater effect on their first-year classes...
...boom has not been a one way ride on the gravy train for everybody. An increasing amount of time is being lost in strikes-most recently in the auto, steel-hauling and copper industries. Unemployment is down to 4.1%, from 7% at the beginning of the upsurge, but it has risen in the past year. On Wall Street, the stock market took a toboggan ride last week, with the Dow-Jones industrial average plummeting 31.56 points to a five-month low of 856.62. Though price increases had been held to 1.3% a year for nearly five years, they have averaged...
...Poor-Mouthing. The darkest side of the boom is the persistence of poverty. Thirty million Americans still live on poverty-level incomes ($3,000 a year or less for a family). The aged, the nonwhite and the small farm worker are particularly hard hit. In some Negro ghettos, 28% are unemployed-a higher rate than the U.S. as a whole experienced in the depths of the Depression. In addition, problems of air and water pollution, classroom shortages, inadequate mass transportation and urban decay plague the nation...
...assets reached $2.5 billion, making it almost twice the financial size of its nearest competitor. Home was a midget with assets of less than $1,000,000 in 1947 when Ahmanson bought it for $162,000; he was making a shrewd bet that the yet unstarted postwar housing boom would make fortunes for mortgage lenders...