Word: boom
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Dates: during 1980-1989
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Your article "Whatever Became of the Future?" [June 27] made me think of the past. I grew up in the '30s, when Walter Gropius, Marcel Breuer and other Bauhaus architects were beginning to influence American architecture. During the building boom that followed World War II, I looked forward to seeing homes and office buildings that would excel the architecture of previous eras. I was disappointed. Few American buildings in the past 40 years have equaled the beauty of Monticello, the White House, the Chrysler Building, or even the average American home built prior to the war. Perhaps next year...
...predecessor, José Lopez Portillo, whose government was widely regarded as corrupt. Last week, in a move that created a nationwide sensation, the government accused Jorge Díaz Serrano, 63, former head of the state oil monopoly, Petroleos Mexicanos (Pemex), and the "architect" of Mexico's oil boom, of corruption. The charge: defrauding Pemex of $34 million in connection with the purchase of two Belgian natural gas tankers...
...attend a university for the first time, thousands of underprepared students were also swept through the halls of academe. French universities expanded rapidly: from 385,000 students in 1966 to 745,000 in 1974 to nearly 1 million today. In the late 1970s, as France's baby-boom generation was attending universities, more than 40% of the country's 1 million unemployed were in the 18-to-23 age group. Since then, the French economy has suffered many setbacks, including this year's devaluation of the franc. Today the same age group accounts for roughly half...
...economies have been jolted so hard, so rapidly as Mexico's. After four years of an oil-induced boom that saw the gross national product grow at an 8% average annual rate, Mexico's economy nosedived last year when the price of oil fell. This year the G.N.P. may decline by as much as 5%. During the first three months of the year, as the government's austerity program took hold, industrial production was off 11%. Mexico's auto industry, the country's largest non-oil enterprise, suffered a 50% drop in sales. Iron...
...pouring into the country too. Two weeks ago, Xerox officials announced they would be spending $100 million to $150 million on a new manufacturing plant for small copiers, which will be exported to the U.S. Sheraton will build five more hotels to take advantage of the new tourist boom. Americans are now rushing to Mexico to bask in the sun and pick up bargains with their strong dollars. A Japanese consortium is ready to start work on a new 700-room hotel in Mexico City...