Word: boom
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Dates: during 1970-1979
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Ironically, Anthony Faretta, whose case started the boom in pro se cases, never appeared in his own behalf. Before Faretta could be tried again, the prosecutor noted that he had already served 19½ months in jail and dropped the case...
...five-bedroom contemporary house in fashionable Fairfield County, Conn. He was not alone. With personal income rising, and lenders flush with mortgage money, Americans all across the country are streaming back into the housing market, accelerating a two-year recovery that now shows signs of ripening into an authentic boom...
...reason for the market buoyancy is the increase in the number of young people-born in the postwar baby boom -who, seeking more space for their own young children, are now entering the market as first-time house buyers. But an equally important reason for the home-buying surge is a highly paradoxical one: rocketing housing inflation that threatens to turn the old joke "If you had to buy today the house you're living in, you couldn't afford it" into grim reality. Since 1970, according to a recent joint study by Harvard University and M.I.T...
...boom is being fueled by lending institutions stuffed with available mortgage money. During the past two years many cautious consumers fattened their savings accounts instead of spending. The country's savings and loan institutions, prime source of housing mortgage money, not only replaced the cash that drained out of them during the money squeeze of 1973-74, but grew heavy with funds that no one wanted to borrow. Now mortgage interest rates have declined to a national average of 8½% to 8¾%, v. 9% at the height of the money squeeze, and S and Ls are requiring...
...following is a telling commentary by Fitzgibbons on his round. On the first tee he declared: "The key here is to set up to the right and boom it." His drive flew off to the right and disappeared from view, which led to the comment, "I want a mulligan, then I'll be ready." A second drive followed the line of the first, which prompted: "God damn it, I'm having trouble hooking it today...