Word: boom
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Dates: during 1970-1979
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...start of 1977 to 8% now; some Wall Streeters predict it will reach 8¾% or even 9% by year's end. The rise makes it more expensive for consumers and businesses to buy or build with borrowed cash. It could put an end to the housing boom by causing savers to pull their money out of savings banks and savings and loan associations?the prime source of mortgage loans?and instead buy Treasury bills or bonds to get the higher interest rates that they offer. Some lenders fear that this process, known to economists by the jawbreaking name of "disintermediation...
Lake Placid, N. Y., which played host to the Winter Olympics of 1932, has been chosen again for the 1980 Games. And after years of decay and decline, the little (pop. 2,800) Adirondack village is already experiencing a boom that could change the nature of the town forever. TIME Correspondent Peter Staler reports...
...these riddled industry profits and caused huge layoffs in Southern California, Seattle and other aerospace centers. Currently, the industry is making an upward thrust, fueled by fat military and commercial order backlogs. But the present climb is expected to level off at a comfortable plateau, and the old boom-or-bust days may be gone forever. Says a California analyst: "For the next ten years there will be no thrills. But there will be no chills, either...
Once limited to truckers and their Smokey Bear antagonists on highway patrols, Citizens Band radio has grown to the point where about 20 million American "good buddies" have CB rigs in their cars or homes. Yet despite the boom in the industry, a lot of firms that tried to capitalize on the craze are going bust. A case in point: Hy-Gain Electronics Corp. of Lincoln, Neb., one of the largest U.S. makers of ham radio and CB gear. Burdened by $31 million in debts and a $24 million earnings loss in fiscal '77, Hy-Gain has filed...
...building is credited to a considerable extent for the biggest construction boom in New Orleans history: $1.5 billion worth to date. There are now 10,000 quality hotel rooms within a short stroll of the dome. The most convenient of all is the 1,200-room Hyatt Regency, which has a broad elevated ramp leading to the Superdome's second level over Loyola Avenue. There is a new 1,200-room Hilton that has enjoyed the most successful first year of any hotel in the chain. Near by is a 42-story Marriott, which has 1,000 rooms...