Word: boom
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Dates: during 1960-1969
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...Englishman" for his impeccable manners and imperturbable air, began by importing cuckoo clocks and marble statues. He now controls or owns part of ten companies, including a tanker fleet and a charter airline. Emmanuel Akwiwu, 43, earned law degrees at Cambridge; returning home just as Nigeria's oil boom began he organized a company that now has 70 vehicles, hauls oil rigs and supplies for British Petroleum Ltd. Chief Shafi Lawal Edu, 54, who is president of Lagos' chamber of commerce, has built a fleet of eight oil tankers. He owns a silver-blue Rolls-Royce, but usually...
...months ago, Administration experts were wondering how they could keep the nation's record boom going. Now, they're wondering how they can keep it from going wild...
...claim to fame: its mademoiselle, heroine of hundreds of World War I ditties, most of them dirty. For 50 years, it was a fame that Armentières preferred to leave unclaimed, but recently the town fathers have had a change of heart. Hoping for a tourist boom that might stimulate its sagging farm economy, Armentières last week began a fund-raising campaign for a statue in mademoiselle's, uh, honor...
Most African nations have achieved their independence only to find themselves too broke to enjoy it. Not Zambia, the copper-rich state that changed its name from Northern Rhodesia at independence ceremonies last year. Riding a world copper boom that has brought $400 million into the country in the past year alone, President Kenneth Kaunda is in the enviable position of having more money than can be spent...
...experts foresee the end of the six-year price plateau for the U.S. economy, predict that the continuing boom may drive up wholesale prices 3% or 4% in the next year, boost consumer prices 2½% to 3% . That is, however, a distinctly minority view. Most businessmen and economists, the Council of Economic Advisers and the Federal Reserve Bank expect no more than half that increase, which they feel is a small price to pay for continued prosperity. But they are still concerned and watching closely. Their strong hope is that the pace of wage and price hikes will...