Word: boom
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Dates: during 1970-1979
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...wife, Elizabeth, were shaken awake by a loud noise. They ran outside. Said Seiler: "It was an incredible sight-hundreds of shining lights dropping all around the homestead. They were white, but as they began dropping, the pieces turned dull red. All the time there was a tremendous sonic boom...
This is a tragic decline for a nation that emerged from the gas-rationing days of World War II with excellent mass transit. Ironically, the U.S. fell victim to postwar prosperity. As the economy began to boom, American life-styles changed dramatically. Instead of living in a city apartment and riding a trolley to work, people wanted a home in the suburbs and an auto or preferablly two. As a consequence, mass transit became caught in a vicious downward spiral: the more riders that were lost the worse the service became; in turn, bad service drove away additional riders...
...subscription drive has become another of the fine arts, and there are few if any practitioners more polished than the Chicago Lyric Opera's pressagent, Danny Newman. "There's no arts boom in America today," says Newman, 60. "There's only a subscription boom." Newman should know. He has made the "fickle" single-ticket buyer expendable in many American cities. As a consultant to the Ford Foundation since 1961, he has criss-crossed the country teaching theater companies how to set up subscription drives. His formula: subscribe now. Those two words are blazoned on the brochures announcing...
Seoul enjoys a boom, but frets about the North's strength...
...first round of OPEC price hikes helped kick off a global recession that quickly became the longest and deepest that the U.S., for one, had experienced since the 1930s. Moreover, when the oil price explosion occurred, the industrialized nations were all lined up at the crest of a simultaneous boom. They all skidded into recession together, and many smaller countries slid down with them. Largely to pay their bloated oil bills, the less developed countries (LDCs) borrowed heavily from public institutions like the International Monetary Fund and from private banks in developed nations, notably the U.S. Since 1973, the foreign...