Word: boom
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Dates: during 1960-1969
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...however, Franco lives long enough and acts fast enough, and if the econo my keeps laying its golden eggs, Spain's future is bright, indeed. Which is why it is so important that Spain's present boom continue. A few more years of rising prosperity could easily instill the feeling of general well being on which, in anarchist Spain at least, real political maturity must be based...
Golden Eggs. Every boom brings its dislocation, and Spain's pell-mell rush to industrialize is no exception. The flood of workers to the cities has sharply cut farm production, forcing Spain to import food. Government spending to feed the development plan has brought a new round of inflation at home, and a horrendous $2 billion trade deficit abroad-too much even for tourist dollars to make up for. Many economists fear that Spain is trying to do too much too quickly. "Our economy is the goose that lays the golden egg," warns Ullastres...
...Baby Boom Dies...
Glimp attributed the recent rise in applications to the post-war baby boom. But the boom apparently died out before 1948, when most of this year's applicants were born. This year's high school senior class is slightly smaller than last year...
...business overseas, having given up routes to Scandinavia and West Germany in 1950. "If we had been four times smarter than we were," says American Chairman C. R. Smith, "we might have seen in 1950 what the Marshall Plan would do, and we would have anticipated the European boom." Moreover, American has recently lost out on applications for some lucrative domestic routes, notably Miami-Los Angeles, has added only one major nonstop route, New York-San Francisco, in six years. Says President Sadler: "American has been held to the smallest expansion of any domestic airline...