Word: boom
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Dates: during 1980-1989
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...causes of the catalogue boom are clear. Few things can delight shoppers weary of long lines, costly transportation and surly salespeople as much as thumbing through a richly illustrated booklet amid the comforts of home. Carol Lefcourt, a financial planner who heads a company in Palo Alto, Calif., likes to soak in a warm bubble bath while catalogue shopping. She says that she has not stepped inside a department store in 15 years...
...wrench. BL's management has often been slow to prune outmoded, unprofitable car lines or to react to changes in the auto market. The company, for example, stopped exporting Land Rovers to the U.S. in 1976, mainly because of a shortage of capacity, and thus missed a boom in sales of off-the-road vehicles like the Jeep Cherokee and Ford Bronco. As a result of labor troubles and market mistakes, the company lost $1.2 billion in 1980, and it may match that figure this year...
...rivalry intensified in the 1970s as an oil-industry boom lifted Houston to new peaks of wealth and power-and new acts of brazenness-while Dallas, long the more prosperous of the two cities, watched with chagrin. Today Dallas is on the rise again, but Houston is not exactly somnolent. In a move that has made Dallas aghast, a group of Houston boosters is offering college football's Southwest Conference $3 million in cash to lure the postseason Cotton Bowl game from Dallas, where it has been played for the past 45 years. "They have more chance of moving...
Mingles housing is just one of the ways Americans are improvising to cope with the collapse of the traditional housing market. A maturing baby boom generation was once expected to fuel a housing boom throughout the 1980s, generating demand for 2 million new units annually. But consumers now are simply unable to buy homes. Fully 85% of U.S. families cannot afford the $904 monthly interest payment required for a typical mortgage of $60,000, at 18% interest, according to a study by the National Association of Home Builders...
Some industry analysts on Wall Street believe changing customer tastes and growing competition will mean the end to the fast-food boom. Says Roger Lipton, head of restaurant research for Ladenburg, Thalmann & Co.: "What America doesn't need is another hamburger or taco stand. The days of the industry's phenomenal profits and unlimited growth potential are gone...