Word: boom
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Dates: during 1970-1979
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...Baylis of Bonwit Teller thankfully notes "the compelling power of Christmas to get people out shopping. The flurry was only a few days long, but it did keep us ahead of last year." Jordan Marsh, Zayre Corp. and Filene's stores in Boston all enjoyed the eleventh-hour boom, as did Rich's in Atlanta, especially in small gift items. In San Francisco, the Livingston Bros, apparel chain actually had its best day ever the Monday before Christmas. And as far as overall holiday sales were concerned, business was up a healthy 8% over...
...follows his comment that the star system is beginning to break down in some movies "to the artistic advantage of those movies" with a footnote that confesses, "I really don't believe this about movies. I would give my right arm for Tracy, Colbert, Gable and Lamarr in Boom Town...
...strange domain. In a territory as large as the U.S. east of the Mississippi, huge patches still remain generally unreachable and desolate. Most of the population of 5.7 million is clustered in towns (the largest: Jeddah, pop. 400,000) or oases. The oil boom is Likely to alter the desert kingdom totally, as the Bedouins give up their no madic existence for a better life...
...bust-to-boom turnaround in Botswana began in 1967 with the discovery of the world's second largest diamond "pipe," a gem-rich geological formation nearly a mile across. The government's part ownership with De Beers Consolidated Mines, plus tax receipts from diamond exports, earned the country some $25 million last year, but that was only the beginning. Geologists reckon that the pipe may be good for 500 years of mining, and they have discovered a second one 30 miles away whose diamond deposits could be even more profitable...
...first sign of a weakening in the capital boom came in late summer, when real spending declined slightly for a full quarter for the first time in four years. The spending slide has continued since then; the fourth quarter is expected to be off by about 2.4%. What happened? For one thing, there was a lot of "water" in the capital-goods backlog-excess orders spread among several suppliers by companies merely waiting to see who would deliver first. Then came the coal strike and the disastrous auto sales figures from Detroit; says Michael Evans, president of Chase Econometrics Associates...