Word: boom
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Dates: during 1960-1969
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...China than does any other nation, with the possible exception of the Soviet Union. Says an expert who has been studying China for more than 20 years: "We know a lot more about some things in China than the Chinese themselves." The practice of "Sinology"* is enjoying a boom in the U.S.: there are now ten major academic centers and 50 lesser centers for China studies, and some $50 million in private grants has recently been made for such studies...
...prosperity has fed itself because Americans have spent, lent, borrowed and invested with confidence. They have felt correctly that jobs, production, profits and paychecks would continue to go up and up. Now, uncertainty has replaced confidence with disconcerting suddenness, giving rise to a number of disturbing questions. Is the boom over? Is the long postwar bull market finished? Does the nation face recession, or inflation, or perhaps both at the same time? And what is good for the economy...
...Boom Slayer. Roche may have a touch of the typical automan's optimism, but other seasoned economy watchers agree that business is basically sound. "A recession is certainly not imminent," says Harvard Economist John V. Lintner. "Business is very strong." Echoes James Robertson, vice chairman of the Federal Reserve Board: "Too much is being made of the auto figures and the market performance. When matched with other straws in the wind, neither of these developments means much." Even so, Gardner Ackley, the President's chief economist, says: "Some of the tremendous exuberance has gone out of the economy...
...health was lagging behind the postwar growth in the cost of living and the size of the private sector. In the last ten years, the states have been making up this lost ground. Most notably, expenditures on education have more than doubled as costs rose and the postwar baby boom came...
...plastic explosive was planted in the earpiece of a telephone and set to explode at the sound of A on a tuning fork. After planting the device, the hunter called his victim, then twanged the fork. Boom...