Word: boom
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Dates: during 1970-1979
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...races for our SPORT story written by Associate Editor Frederic Golden, had only one previous run-in with sailing. While in the Peace Corps in Panama, she sailed with San Blas Indians in a wooden dugout canoe equipped with a flour-sack sail. Arriving in Newport not knowing a boom from a bilge pump, she quickly picked up enough expertise to follow the final trials. Says McGeary: "I decided to pass up the chance to sail in the America's Cup press regatta scheduled for the first lay day of the races. I still don't know...
...recent months the government's policies of controlling the money supply, resisting a consumer boom and restricting public expenditures could almost be described as conservative. How would your policy differ...
...boom is accompanied by a virulent inflation that is upsetting the American way of housing and pricing many people out of the market. Those who are still in it find that they have to pay more money than they had ever thought they would, and then go up to their eaves in debt. In some pleasant but by no means luxurious residential areas of the Northeast, Midwest and West, even $50,000 to $60,000 houses are almost nonexistent, while dwellings of $75,000 to $85,000?and up?are standard. The prices for new houses in June averaged...
...current U.S. soccer boom contrasts sharply with the state of the sport in 1969, when the N.A.S.L. was down to five teams and on the brink of bankruptcy. Then Phil Woosnam took charge as league commissioner and rebuilt the sport. The N.A.S.L. now consists of 18 teams in cities from Vancouver to Tampa, and Woosnam expects to expand to 24 by next season. Says he: "It's the best investment in sports. Right now, all you need is $250,000 cash and the ability to cope with some initial losses." He seems to be right; half a dozen owners...
...McDermott willing to go so high? Chairman Charles Graves, 61, is not talking. But Wall Streeters speculate that Graves was practically forced into diversification by his own successful management. Cashing in on the worldwide boom in offshore oil drilling, the company in the past ten years has pushed revenues from $199 million to $1.2 billion, and profits from $25 million to $192 million. With half a billion in cash, McDermott began looking like a tempting takeover target itself; even United's Harry Gray cast an eye its way. What Graves wanted was a willing partner in a compatible business...