Word: boom
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Dates: during 1960-1969
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...rise apparently stems from the wave of war babies who are now reaching college age. The "baby boom" is also being reflected at Radcliffe, where Mrs. Margaret W. Stimpson, Director of Admissions, recently reported a ten per cent rise in applications...
Banking is only part of the boom. The main island of New Providence will soon have a new $2,800,000 Bacardi rum factory; such firms as Bethlehem Steel, Whirlpool, Owens-Illinois Glass and Outboard Marine have come in with overseas sales offices. On Grand Bahama, a $1,500,000 bunkering terminal pumps more than 1,000,000 bbl. of marine fuel a month into vessels from all over the world, while close by a subsidiary of U.S. Steel is building a $50 million cement plant. Even the cold war is pumping life into the sultry economy...
...name a successor to the late Party Chairman Erich Ollenhauer. After two hours of desultory discussion over coffee and Johannisbeersaft (currant juice), they picked the only candidate for the job, West Berlin Mayor Willy Brandt. He faces a tough job. As one Socialist leader candidly put it: "The boom goes on. People are more prosperous than ever, and they identify prosperity with Erhard...
Contested Claims. Both the U.S. Government and the state of Louisiana will profit from the offshore boom, but no one yet knows to what extent. Congress set out to settle the tidelands oil controversy in 1953 by extending state ownership of coastal waters to three miles, beyond which the Government takes the lease and royalty profits. But it neglected to designate a base point for the measurement (low-tide mark, land mass, mud flats?), and jurisdictional claims are being contested on 20% of the Louisiana tracts. Until the point is determined, contested royalties go into escrow. But the question...
...beyond price. As a building rises, the tower crane hoists itself from floor to floor by means of built-in hydraulic jacks. It supports itself on the building's side or on a tower that runs up inside what will later become an elevator shaft. Its counterbalanced boom can deftly pinpoint a load anywhere on the construction floor, whereas crawlers, operating from street level, can only inch a load to the edge of the floor. And the tower's heights are unlimited, while the crawler can rise no higher than 35 stories without danger of toppling...