Word: boom
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Dates: during 1980-1989
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...some day-- a some day city planners foresee within 15 years--commerce will return to these barrens. Cambridge politicians speak almost reverently of The Boom, the citywide economic miracle that will end fiscal trial and muffle social discontent. They cite statistics--a 60 per-cent increase in the tax base, 40,000 new jobs. Their phrases include "irresistible momentum" and "unprecedented growth." David Vickery, the city's chief planner, says, "If we went away and did nothing, the market would still operate to expand industry in Cambridge...
...High Technology Council predicts 70 per cent of new jobs created in Massachusetts in the '80s will be tied to high technology. With inflation making it cheaper to expand into previously developed areas, and with the advantages of urban production during fuel shortages, all the ingredients for a boom are there...
Unpredictable jumps in raw material prices constantly sabotage his planning. His suppliers have slowed their deliveries, and customers have stretched out their payments. The bank charges him 24% on loans to maintain his inventories. Since oilmen buy his control consoles, the energy boom has put Ozuna in better shape than most entrepreneurs to endure the recession, but his profit margin has plunged from 12% of sales in 1978 to 4% during the past six months...
...succinct commentary, Brownlow manages to illuminate the crucial aspects of his story, from the revolutionary impact of The Great Train Robbery in 1903, to Hollywood's World War I boom era, to the arrival of Will Hays' censorship. Most of the time the story is told, as it should be, through testimonies of survivors. Without resorting to the keyhole journalism of Kenneth Anger's Hollywood Babylon, Brownlow removes the filters from some widely accepted views. Roscoe ("Fatty") Arbuckle is presented as a guileless clown who became a national symbol of infamy before he could grasp what...
...buckling of the housing industry is not confined to any geographical area. Former housing boom towns like Houston and Atlanta are also suffering, and even Florida, which looked as if it might be spared for a while, is feeling the slump. The hardest-hit region is the Midwest. Laments St. Louis-area Builder Tom Berry: "Home sales are not bad. They have just stopped...