Word: boom
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Dates: during 1980-1989
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James Spencer, director of the Kennedy field operation, said "Joe Kennedy is the first politician I've worked for who can speak to the baby-boom generation on down." He said he hoped Kennedy would be able to inspire the young to political action, since the current crop of aspiring politicians "is like the Revenge of the Nerds"--an ambitious but selfish collection of "high-school debate team captains...
...comeback was fueled by a $42 billion increase in consumer spending, largely as a result of a surge in auto sales. But that boom may prove to be short-lived. Many consumers raced into car showrooms in response to a barrage of cut-rate financing deals, which will soon expire. Others are deciding that it makes sense to buy a car this year so they can write off the entire sales tax, which will not be possible in 1987 under...
...semiconductor business has seen slowdowns before, but the current struggle has been the worst yet. The problem has its roots partly in the electronics boom of the early 1980s, when sales of products ranging from personal computers to video games created intense demand for chips. Semiconductor makers in Japan and the U.S. vastly increased their capacity, expecting an annual sales growth of 30% to 100%. But when the computer industry's expansion stagnated two years ago, the resulting glut of chipmakers and chips triggered sharp price cutting. The cost of a 256K dynamic RAM (random access memory) chip, for example...
...rugs door to door, then opened a Montreal retail outlet, which within five years blossomed into a chain of 17 stores. The leap to real estate came in the 1960s, when the Ghermezians began snapping up land in Edmonton for as little as $100 an acre while the oil boom got under way and later sold some of the property for $47,000 an acre. The proceeds were poured back into the family's privately held Triple Five development company...
...whether the pretzel cone is a boom or a bust, whether or not the dipped cone fever ever fizzles, ice cream will continue to be a hot topic in the Square. "I was choosing between Harvard and Brown," David says. "The only reason I came to Harvard was the ice cream. If it weren't for all the amazing ice cream around here, I would have gone to Brown...