Word: booming
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...literature," notes Harold Holzer, a co-chairman of the Abraham Lincoln Bicentennial Commission. "All of the classic works are being updated and improved upon. All the great themes that hitherto we thought had been dealt with definitively are being re-explored." In popular culture too, there is a Lincoln boom: in April a $150 million Lincoln library and museum complex opened in Springfield, Ill. Steven Spielberg has cast Liam Neeson to star in the first feature film on Lincoln since before World...
...leader so long encrusted in mythology? Fortunately, we've never been in a better position to see him. Along with new interest in the private lives of public figures, new trends in scholarship allow us a fresh chance to see Lincoln as he lived, thought and acted. Following the boom in oral history in the 1960s, today's Lincoln scholars are closely studying the massive body of recollections from people who knew him well, including intimate portraits that had long been neglected or obscured. In the past decade, more than a dozen volumes of essential primary evidence on Lincoln have...
...last year to a 1.2% annual growth rate, is accelerating to a faster pace of 3% or more. Even better, many experts think the industrial world's economies are entering a new era, in which low oil prices are triggering a whole series of positive trends, thus creating a boom machine that could hum smoothly for several years...
...turn enabled Federal Reserve Chairman Paul Volcker and his counterparts in other countries to let interest rates decline. That development sparked a long-running bull market on stock exchanges from Wall Street to Tokyo. And when oil prices went into a steep decline over the past three months, the boom machine shifted into high gear. Says James Sweeney, director of the Center for Economic Policy Research at Stanford University: "We see a significant number of happy events...
Cautious forecasters point out, however, that the boom machine still has a few weak spots. The oil bust, for example, has threatened the stability of energy firms and banks in the Southwest. "There are always things that can go wrong," concedes Beryl Sprinkel, chairman of President Reagan's Council of Economic Advisers. "But I'd say they are minimal at the present time, and the things that can go right are pretty evident...