Word: boom
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Dates: during 1960-1969
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...building $1 billion worth of taconite-processing plants that will employ 9,000 men and ship 33 million tons of pellet ore annually. By 1990 the capacities of these plants will double. Two new Minnesota towns, Silver Bay and Hoyt Lakes, have recently been created. The taconite boom is also reviving older towns: in Chisholm (pop. 7,100), unemployment has fallen from 33% three years ago to only 6% today. Mining company payrolls and purchases will soon reach $194 million a year, and Minnesota expects the taconite industry to act as a catalyst for others...
...Bravo for Mme. Callas and Hiss Boom Bah for TIME for omitting...
...successors have not even given Brazil development. First, the erratic Jànio Quadros let Brazil's boom falter, then resigned in a fit of pique. Next came the leftist João Goulart, who only compounded the troubles until the military stepped in, grimly determined to sweep out all the old politicians...
Dallas' eight-mile Stemmons Freeway, part of 1-35E, is directly responsible for a $250 million hotel and shopping-center boom along its right of way. On I-94, which carries Detroit-Chicago traffic across 218 miles of southern Michigan, five shopping centers, 19 motels and 39 restaurants have been built around the road's 130 interchanges. The case of Valdosta, Ga. (pop. 32,700), is typical: when a section of I-75 opened three years ago, the city found itself in the mainstream of Atlanta-Miami traffic, ever since has enjoyed a tourist boom that...
...Return. Cavanagh showed equal vigor and imagination in tackling Detroit's other problems, which were legion. To pump revenues into the nearly bankrupt city treasury, he introduced a 1% income tax that adds $42 million annually to city revenues. With added funds generated by the current auto boom, Cavanagh has wiped out the $34.5 million deficit he inherited, put the city budget in the black, cut property taxes, and halved a tax on industrial machinery...