Word: boom
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Dates: during 1970-1979
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California's current mood does not greatly surprise its demographers. Having skewed its population by welcoming successive waves of youth, it is now suffering the "baby-boom doldrums" of a generation confronting its inevitable mortality. Sociologists view the despair as something that logically follows a period of growth, the end of heady promise. But they worry about the effects of a prolonged malaise. Observes University of California Sociologist Neil Smelser: "There is abundant evidence that California is presently in a state of psychological depression because of the hollow notion that things are running out. Californians believe the best...
Nowhere has the boom been more thoroughly exploited than in Ticino (pop.: 265,000), which lies along the country's border with Italy. The banking industry there, centered largely in the towns of Lugano and Chiasso, is built on Italian flight capital. Billions of lire are smuggled out of Italy each year by depositors worried variously about high taxes, inflation (current annual rate: 21%), and the political gains of the Communist Party. As many as 254 Swiss banks or branches located in Ticino compete fiercely for these loose lire. Some of the banks are suspected of collaborating...
...saying, "The superstars are dead. Long live the superstars." Down with the smooth confections of commercial rock, even the harmless purr of disco. Says one punk devotee: "Disco was the final straw." Willie ("Loco") Alexander, leader of a Boston band, revels in the studied toughness, calculated cool and throbbing boom-boom of the New Wave. Says he: "Punk looks right at you and says something...
...screen projects. To meet heavy summertime demands they work staggered shifts from 8 a.m. to midnight. As the business grows, the owners will have to decide whether to replace labor with costly machines. They also foresee some kind of profit sharing plan. But for now, during a T-shirt boom, Cyrk, their private circus, means bread...
...rate, the recent nostalgia boom in the musical theatre continues apace. The Spingold Theatre at Brandeis University has just kicked off its summer season by offering a sprightly production of Sweet Adeline, the 1929 musical by Jerome Kern and Oscar Hammerstein II, imported from a two-month run at the Goodspeed Opera House in East Haddam, Connecticut...