Word: boom
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Dates: during 1970-1979
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...recent boom in "urban studies" has produced books which are by and large mixtures of bad political science and pop sociology, books that flit from one city to the next, never lighting on one specific locale. What American "urban studies" lacks is a real urban history, a sympathetic study and analysis of specific communities and neighborhoods. Not until we know more about the growth and development of places like Rochester, Framingham or Paterson will we be able to make informed judgments on urban problems. About Paterson is not a great book--it leaves out a lot of necessary information...
...Shortage. One reason for the J-school boom is the press's role in Watergate. Says Buck Harvey, 23, editor of the University of Texas' Daily Texan: "Journalism is one of the few professions that require integrity. The pay is small. But that doesn't bother me, because you don't have to put up a facade." Prior to the scandal, the old images of tough muckrakers and dashing foreign correspondents had faded. Now some of the glamour is back. Says Richard Petrow, dean of New York University's program: "When Robert Redford plays...
...what their jobs make them like, we miss out. Cherry's narrative is always at the workplace--when he moves to the gin mills the talk is usually of the work. We get page after page, with diagrams, of how a derrick is set up and how a Chicago boom operates. This might be something a worker has to think about on his job, but it says little about, say, how he relates to the machine...
That is not much of an exaggeration. Housing has always been a boom-and-bust business; builders tend to put up too many homes when money is available, operating not on careful demand estimates but on blind faith that there will always be buyers. This year there are not, and 1974 could almost be called the year the building stopped. In January 1973, housing starts ran at an annual rate of almost 2.5 million, a high point in a succession of three unusually fat years for the industry. Since then, starts have plummeted to an annual rate of about...
...these changes aim to keep alive next year the capital-goods investment boom that is now the economy's principal prop. Many economists are not sure that the changes would make much difference. Fed Chairman Burns, for example, told a joint economic subcommittee last week that because the corporate income tax rate would be increased by the surcharge at the same,. time, "the effects tof the investment incentives] are not easy to judge...