Word: boom
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Dates: during 1980-1989
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...good news for sophisticated, affluent American travelers is that the increasing success of these oases of Old World-style (their occupancy rates are well above the hotel industry's average of 69%) has spurred a boom in new and refurbished hostelries with deluxe accommodations for just a few hundred guests. "Americans have come of age," says Philip Pistilli, proprietor of the five-year-old, 124-room Raphael in Kansas City and its namesake in Chicago. "They now want style and service. The message of the small hotel is individual care of people...
Maybe. Dr. Joe has undoubtedly begun to steer the Argentine economy in the proper direction, and it could be approaching something of a boom era. But the Argentines have a long and discouraging tradition of social turmoil. There are still plenty of skeptics willing to bet that they will once again manage to turn immense potential and budding economic stability into politically induced poverty...
This recession has a character very different from the last one, which started in 1973. Aggravating the earlier plunge was a buying spree by businesses during the boom just prior to the recession. When the economy started to grow stagnant, firms were suddenly forced to cut back inventories, thus causing the economic avalanche. The present slide has been triggered almost exclusively by a cutback in consumer spending. Sometime in late winter Americans simply closed their wallets and snapped shut their purses. Sales of everything from autos and home appliances to airline tickets have dropped sharply...
...back-to-currency trend has spawned a boom in cards that give members discounts on cash purchases. One of the most successful is Savings Plus, which originated in Missouri and now claims more than 500,000 members nationwide. Under the name SaveSystem, merchants accepting the card in Washington, D.C., give discounts...
...fittingly larger-than-life denouement to one of the grandest money-losing speculations of recent history, and it provided a blunt reminder that even billionaires can get in over their heads. With their dreams of cashing in on last winter's silver boom now transformed into mushrooming debts of $980 million, Bunker, Herbert and Lamar Hunt have been struggling all spring to fend off ruin. Papers on file last week in the Dallas County Courthouse, and elsewhere around the country, showed just how desperate their plight has become, as well as the extent of their fabled wealth...