Word: boom
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Dates: during 1980-1989
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...estimated 1,400 U.S. firms, including General Motors, General Electric and Honeywell, use the plants to take advantage of a Mexican minimum wage that at current exchange rates is less than 40 cents an hour. Japanese companies like Sony, Sanyo Electric and Hitachi have followed suit, and the resulting boom is transforming border towns like Juarez into bustling industrial centers...
According to one study, the cross-border factories could employ as many as 3 million workers by the year 2000. The projection assumes, of course, that the U.S. customs duties that have helped to foster the Mexican boom are not changed. If prosperity south of the border is matched by deeper woes to the north, however, that might not continue to be taken for granted...
...Gilded Age, Mark Twain and Charles Dudley Warner depict the boom mentality of the post-Civil War years: "He was born into a time when all young men of his age caught the fever of speculation, and expected to get on in the world by the omission of some of the regular processes which have been appointed from of old." What railroad men and land speculators were to the 1870s, investment bankers and risk arbitragers are to the 1980s. Perhaps a , modern-day Thorstein Veblen could explain the eagerness with which moneymen like Boesky vied with one another in acquiring...
...chief issues on our platform is housing and development," Marzilli said. He added that "in Cambridge there is a great housing shortage along with a building boom, which is unfortunately all commercial. This reduces the housing that is available...
Unitedbank's fall resulted from the go-go style of Chairman Vincent Kickerillo, a local land developer. Taking over in 1968, Kickerillo overcommitted the bank to real estate loans and investments in other banks during the oil boom of the late '70s and early '80s. When the economy soured in 1982, so did Unitedbank. By this year it was losing $1 million a month. For a time Kickerillo, a self-made millionaire who commuted to work in a jet helicopter, covered the losses himself. But after an audit three weeks ago showed Unitedbank to be $7 million...