Word: boom
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Dates: during 1970-1979
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...mood of boundless growth infected Atlanta. Beginning in the late 1960s, the number of apartment building permits swelled 133% in three years; first-class hotel-room space doubled in 18 months; downtown office footage grew 30% in a single year. Lane, now 66 and retired, reflects: "It was a boom city that hadn't felt a recession since the war and thought it never would. And then all of a sudden in 1973 it happened...
Kattel by no means deserves all the blame. The troubles can be traced largely to Lane's overly liberal lending policies. Lane grants the point, conceding that he forgot all the lessons his banker father drummed into his head about the collapse of the Florida real estate boom of the 1920s. But Kattel had made himself vulnerable through overoptimism; he long refused to write down the value of loans in the bank's faltering portfolio. As C & S head, he had developed the boyish habit of sending symbolic bullets to Atlantans who made tough decisions. He dispatched...
Chicago's Giannini & Hilgart, the Midwest's oldest stained-glass studio (founded in 1868), struggled along for years on sparse church commissions until the boom hit in 1973; its business then started tripling annually, to $170,000 in 1977, and 90% of its output now goes to homes and businesses. Dealers specializing in supplies for the craft have also been transported on a beam of dancing light (green). Hollander Glass company in Long Beach, Calif., which started in 1956 as a small studio specializing in windows for churches and residences, is now solely in the business of selling...
...friend once said, "is nothing more than having someone to go down the drain with." Obviously, not everyone will subscribe to this view, but the statement indicates the paranoid feelings almost everyone does have about that important--and hopefully permanent--linkage. The prospects are particularly frightening to baby-boom era children; at least one out of three marriages we have seen are no longer extant, and over 40 per cent of new marriages are doomed to failure. Yet people still fall in love and decide to wed. The rest of your life is a hard thing to face alone...
...different from the gang that graduated in the 1950s and early 1960s, who celebrated football, proms and exclusive fraternities, and somewhat different from the more conventional, career-directed students of today. Yet it was not difficult for corporations to recruit the '60s kids. As products of the postwar baby boom, they faced stiff competition for places in law and medical schools. And as they became breadwinners, they gained more respect for the financial and psychic payoffs offered in the corporate world...