Word: boom
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Dates: during 1960-1969
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...paying for prosperity. Putting together evidence, from the price of steel to the fact that a glass of beer costs nearly as much in Munich as it does in Milwaukee. WORLD BUSI NESS concludes that inflation is the most serious threat to the health of Europe's economic boom. In some cases, the threads of a major trend story literally spread around the world. WORLD BUSINESS got reports from 25 cities-for the two-column story charting the worldwide increase in the use of electric power and the search for new sources...
...whether the board will stress easy or tighter money. Last week, Johnson took the trodden path: he reappointed James Louis Robertson, 56, whose term officially expired in January, to another 14-year term as governor. Robertson agrees with Johnson that the thriving U.S. economy is not yet in a boom and thus needs no hike in interest rates to restrain its growth. Says he: "I don't intend to begin fighting inflation until inflation begins." The tall, spare Nebraskan fought the board's decision to raise stock-margin requirements from 50% to 70% last November (he wanted...
...reason for the rental boom is that each year more tourists and businessmen discover the convenience of flying to their destination, then renting a car to drive around in while they are there. Moreover, city dwellers in greater numbers are becoming disgruntled at high garage bills and insurance costs, and are turning to rental cars for their drive to the country. Since 1962 the number of rental cars has risen from 80,000 to 105,000-each of which may be rented several times a week-and the industry's revenues have gone from $250 million to an estimated...
...their debts. For another, banks and savings and loan associations that are lending money on the inflated values might not be able to retrieve the full amount of their mortgages, would find themselves in serious trouble. All this could trigger a price collapse that would burst the land-boom bubble, but few expect this to happen soon-if at all. Despite the high prices, strong and rising demand still supports the cost of land...
Hong Kong draws business with a burgeoning economy, now in its 16th year of boom, strategic location, low taxes, good transportation, accent on free enterprise and a reputation as the Switzerland of the Far East. The col ony spent nearly $100 million last year for new factories and apartment and office buildings, attracted a growing wave of tourists who left behind $100 million. Its exports, chiefly fabrics, clothing and toys, rose 15% to $807 million; 21% of them go to the U.S., its chief customer...