Word: boom
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Benefiting from Research. Because Syntex's stock has been so volatile, some Wall Streeters have been skeptical of the firm's future once the pill boom lags. But only about 20% of the U.S. women who could use the pills now do so, and most of the overseas market has barely been tapped. Moreover, Syntex's research in hormones and nucleic acids is right where major new-drug discoveries are most likely to come. Even now, Syntex is benefiting from its research. Its earnings in the latest quarter jumped 236% (to $5.9 million) and sales climbed...
...machinery from Australia, Britain and the U.S. Its trade has made it a leading banking, warehousing and insurance city in Asia. When Singapore joined with neighboring Malaya, nearby Sarawak and North Borneo in 1963 to form the rich Federation of Malaysia its 1.8 million people prepared expectantly for a boom in business...
...boom began all right-but it went bust after Singapore's expulsion from the federation last August as a result of racial and political conflicts. Instead of a boom, Singapore now faces such critical problems as widespread unemployment (13.5%), dwindling trade (down 20%), and tense relations with Malaya, on which Singapore depends for, among other things, its water supply and its raw materials. Singapore's leaders are trying to keep their nation's economy afloat by a massive switch from trade to manufacturing, are urging industrial countries to set up plants in Singapore and buy its products...
Keynes showed that the hard facts of history contradicted these unrealistic assumptions. For centuries, he pointed out, the economic cycle had gyrated from giddy boom to violent bust; periods of inflated prosperity induced a speculative rise, which then disrupted commerce and led inexorably to impoverished deflation. The climax came during the depression of the 1930s. Wages plummeted and unemployment rocketed, but neither the laissez-faire classicists nor the sullen and angry Communists adequately diagnosed the disease or offered any reasonable remedies...
...tempt penniless people to save more?but it would move hard-pressed industrialists to borrow less for capital investment. Yet Keynes did not despair of capitalism as so many other economists did. Said he: "The right remedy for the trade cycle is not to be found in abolishing booms and keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom...