Word: boom
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Dates: during 1980-1989
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...cannot believe TIME wasted a cover story extolling such a cold, mercenary personality. The boom in cable TV is due to its buying up broadcast rights to sports events and movies; the public used to watch them for nothing, and now we are charged for them. All too often cable manifests the same mentality that converts apartments into expensive condos or encourages gas stations to charge...
...boom in corporate espionage has triggered a corresponding explosion in the business of guarding secrets. Revenues of security consulting firms topped an estimated $200 million in 1981, and should double that amount this year. New shops are springing up across the landscape, and Burns International, Pinkerton's and other traditional protection companies are rapidly expanding. The Washington-based American Society for Industrial Security now has more than 18,000 members...
...with other hard assets and collectibles, the end to the diamond-speculation boom began in 1980, when inflation started to level off and interest rates shot up. That made investments like money-market funds more valuable, and diamonds, gold and other hard assets less attractive. Despite its sharp price increase last week, gold is selling for only about $380 per oz., well below its January 1980 peak of $850. A portfolio of U.S. coins is now worth 15% less than it was a year...
...Coming Boom is, as its title booms, a call to optimism. The question is: How much? If the book's promise is taken at face value, the reader will be disappointed. Kahn occasionally sounds like Annie singing "Tomorrow .. . Tomorrow." But these strained high notes are immediately followed by flat-out qualification: ifs, maybes and "Scotch verdicts," which he describes as "good enough for our purposes." The small print in this social contract gets irritating. One sentence announces a new dynamism, but the next pulls back to "a good possibility for substantial improvement." Some paragraphs seem to have been written...
...hall but is unsatisfying in a book. His proposal to promote conservative virtues with conferences and public relations campaigns, as if values were so many hamburgers, is simply materialism as usual. The spirit gets only lip service, which is no way to build lasting confidence. Investors in The Coming Boom should be careful. At times like these, one can never be too thin or too diversified...