Word: boom
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Dates: during 1960-1969
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...Martin was unhesitating about applying monetary brakes whenever he saw inflation threatening-as, for example, during the Korean War and again last year. Yet it was under Martin that the FRB provided much of the stimulus for the 1960-65 boom by expanding credit and increasing the money supply at an unprecedented peacetime rate. It was that ability-and willingness-to fit policy to contemporary needs that won for Martin the confidence of the banking and business community. And in the last analysis it was that confidence, strongly expressed, that all but forced President Johnson to reappoint...
...television sales are running ahead of last year but at only about 50% of the increase originally expected. With housing starts off sharply, sales of appliances have been predictably slow. Few segments of the economy have been hit as hard as autos. Auto credit is running 55% below the boom year of 1965, and the industry now expects to sell only 3,730,000 cars during the first six months of this year, a drop of 15% from the first half of '66.* Privately, automakers have told Washington that they are writing off 1967 as a bad year...
What makes the whole enterprise of traffic control particularly important is the tremendous U.S. aviation boom, which is constantly putting more and bigger planes aloft. That end of the busy sky is surveyed this week in a second major TIME story. Our cover article concerns Airplane Builder James Smith McDonnell, whose billion-dollar corporation, which is about to merge with Douglas, is doing its share to crowd the airways-and to venture into space beyond...
...thing, he has always been a winner, and his majority in last fall's gubernatorial election (his third ) was larger than ever. For another, Romney has gained the reputation of an apolitical, progressive business wizard who solved Michigan's fiscal problems. Aided by the economic boom of the past few years, Romney has obliterated his state's financial debt even though his own budgets increasingly exceed those of his Democratic predecessors...
...When they (African students) first come over here they are terribly suspicious," Moll says. "They cannot believe that there are no strings attached, that we do not want to get anything out of them. We had been making progress in relaxing those suspicions. Then all of a sudden--Boom! Things have changed a bit. It tears us up. We've been set back." One of the main questions he will be asking while in Africa this month is how great the impact of the CIA disclosures has been on African government officials formerly friendly to American scholarship programs...