Word: boom
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Dates: during 1990-1999
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...during World War II, most of the adults I knew assumed that depression had become the normal state of the U.S. economy; the war had only interrupted a slump that would resume as soon as the shooting stopped. Even after the economy had taken off in a gigantic postwar boom, it seemed too good to last. Every time the economy turned down-in 1949, 1953, even as late as 1958-there were widespread fears that the drop was no mere recession but the start of a spiral back down into depression. In between, inflation and unemployment rates might...
...self-reliance boom surely contributes to the growing intolerance toward those deemed overly dependent. ``I see people buying food with food stamps, and they're buying better stuff than I am,'' gripes Chicagoan Vicky Baron. ``I mean, they've got all their steaks just lined up!'' The revolt against the disadvantaged, ranging from calls for welfare reform to the backlash against illegal immigrants, has emerged as a national policy prescription. Will self-reliance turn mean? Will it lift America's spirits? Pessimists abound. Mario Cuomo, New York's ousted Governor, predicts that voters will keep reversing themselves: ``Unless the mood...
DIED. PAUL DELOUVRIER, 80, French civil servant who was Governor of Algeria in the waning days of French colonial rule, then oversaw the modernization of the Paris region during the economic boom of the 1960s; in Provins. In 1958 Charles de Gaulle picked Delouvrier to head the French administration in Algeria. For three years he sought to quell the Algerian independence movement while trying to placate disruptive French army officers who suspected that Paris was intentionally letting the colony slip away. In 1961, during a helicopter ride over Paris, De Gaulle pointed to the congested urban sprawl below and told...
...lugagge is too heavy, I don't want to pay for the cab to the airport-I want to take the T. I have to take out some things from this unbearably heavy suitcase. But not the steel iron. Not my boom box. Definitely not the six pairs of shoes, it's the damn economics textbook that is weighing me down. The could cause me serious back problems. With exams coming up after break. I need to be healthy. I know! I'll catch up on the reading over reading period, in between watching all those lecture videos. After...
...counterargument is that such contentions are an excuse for the failure of Presidents and legislators to exercise any fiscal discipline, resulting in deficits that have mushroomed recently through slump and boom alike and are a severe drag on the economy. It is true that the annual budget deficit has been reduced for three years in a row, but new projections show it rising again in the fiscal year that begins Oct. 1. And though most economists think the trouble is not red ink as such but too much of it, an amendment attempting, say, to hold deficits to no more...