Word: boom
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Dates: during 1970-1979
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Like many other economists, liberal and conservative, Burns compares the present situation with that of the early 1960s and reaches for the same magic solution: "bold" tax cuts. After all, the Kennedy-Johnson tax cut of 1964 ushered in the fondly remembered boom of the middle and late '60s. Why not try again? Burns urges reductions for individuals and corporations and, to spur business spending on plant and equipment, liberalized tax depreciation rules and a higher investment tax credit than the current...
...waiting for the tax incentive that is included in the Administration's energy program, now tied up by congressional wrangling. (A 25% personal income tax credit on the first $800 outlay spent for insulation would be granted.) Another stimulus to insulation demand is the yearlong boom in housing (TIME cover, Sept. 12), which depletes supplies rapidly. Says an O-C spokesman: "We have warehouses that normally contain a six-day supply. They are down to a one-day supply now. The stuff is going directly out the door from manufacturer to buyers...
...places in California's San Fernando Valley that was open to blacks during the postwar real estate boom is an area near Pacoima, which real estate people mockingly referred to as the "Joe Louis Homes." In the decades since, the population of the sprawling valley, which lies just over the Santa Monica mountains north of Los Angeles, has swelled to include 1.5 million residents -but only 2.3% are black...
Whether or not the Dracula boom is a solid vote for primordial superstition, it is certainly a solid boost for fun and may even contain essential elements of theatricality that have been too long neglected. When, for instance, has a playgoer been dazzled and dominated by a set rather than merely giving it the perfunctory opening-curtain applause? Edward Corey's set for Dracula at Manhattan's Martin Beck Theater is an eye-blinker. Broody, vaulting, magisterial, colored in shades of bleakest gray, it is a psychic tomb out of Edgar Allan Poe's haunted imagination...
...characters in The Ice Age become linked through their involvement in the property-development boom and bust in England during the mid-seventies. Len Wincobank, the whiz kid property developer, along with Maureen, his secretary-girl friend, have been unashamedly "raping the city centers of Britain and making millions." His freewheeling charisma pulls in Anthony Keating, the clergyman's son raised to be a cultivated and useless esthete, who revolts against his proper past by leaving his broadcasting job to become a property speculator...