Word: boomed
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Dates: during 1970-1979
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...from $7.4 billion in 1978; it has made Taiwan the U.S.'s eighth largest trading partner. By contrast, two-way trade between the People's Republic of China and the U.S. this year will amount to $1.8 billion. Washington has quietly but systematically encouraged the bilateral trade boom. Among major recent deals: the Export-Import Bank, which sent a delegation to the island this fall, extended $500 million worth of loans during 1979. Since January, American banks have also contributed to a $200 million loan to the Taiwan Power Co. General Electric has joined with Taiwan companies...
...boom in repression
...country's 40 million people remain desperately poor, with an average income of under $300 (vs. $2,700 for Israel). In the past year, thousands of peasants have abandoned the land to jam into the already swollen cities in hope of sharing in a peace-bred boom. Thus unemployment is soaring at a time when inflation is hovering above...
...must not be opened for 100 years and then smoked by some one of the descendants or by some soldier who has rendered good service to his country." As a final souvenir, McNulta had tucked inside his bottle a set of newspaper clippings which breathlessly detailed the "Grant boom," complete with Grant buttons and cheap portraits, that struck Chicago during the popular former President's visit. The clippings described how the ladies wore their new diamonds and court trains to "brilliant" receptions, and imaginative pickpockets plagued the crowds that swarmed to town to see the electric illuminations. Evidently McNulta...
...oilmen hope that the first 1,000 bbl. per day from an independent producer's well will be free from the tax. Says Jack Allen, president of the Independent Petroleum Association of America: "That would really set off a wave of drilling. It would be the greatest drilling boom ever...