Word: boomingly
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Dates: during 1930-1939
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...city, were face-lifted with banners & bunting last week as their Majesties, King George VI and his Scottish Queen, Elizabeth, arrived to open officially Glasgow's $50,000,000 Empire Exhibition. Glasgow citizens, 50,000 of whom are still unemployed despite the Clydebank's shipbuilding and rearmament boom, lined the streets and cheered lustily as the royal couple, riding in an open landau drawn by spanking Windsor greys, jogged out to the exhibition site, wooded Bellahouston Park. There in the neighboring Ibrox soccer stadium before 60,000 cheering Scots, King George acclaimed the exposition "a symbol of unity...
With his Caesar a smash hit, Welles flung his laurel wreath into a cupboard, backed Marc Blitzstein's The Cradle Will Rock-the sceneryless, music-quickened strike play which a scared WPA had dumped overboard the season before- and The Cradle rocked like mad. Then, having enough of boom and roar. Welles and the Mercury turned back to Elizabethan times for a bellylaugh, rigged up Thomas Dekker's bawdy, roistering The Shoemakers' Holiday. That was a success...
...first quarter of 1938, released last week by the Department of Commerce, again recorded a favorable balance. What was more, the balance was a sizable $320,662,000. Reasons for this were simple: 1) Though still a half less than in the first quarter of the 1929 boom, the volume of U. S. foreign trade has nearly doubled since 1932; 2) more or less stable business conditions abroad plus vast rearming programs have kept foreign buying of U. S. goods steady while U. S. buying of foreign goods has slumped with U. S. depression...
Round No. 2 amounted to an about face in the Treasury's recent credit policies, which helped bring on the Depression. A year ago when Government's prime concern was not Depression but a runaway boom, the Federal Reserve Board boosted bank reserve requirements. This cut down the total of potential credit in the form of excess bank reserves and made money a little more expensive to borrow. Last week the President told Congress it was now time to lower reserve requirements-which the Reserve Board did forthwith. Net effect of lowering reserve requirements was to increase excess...
...That a boom in building would do much to break depression, everyone knows. That Government-financed low-cost housing will start the boom, Franklin Roosevelt's Administration sincerely hopes. Last week an announcement by Frederick Ecker, chairman of Metropolitan Life Insurance Co., cheered The Bronx and indicated that private finance could do its part. Mr. Ecker's announcement: Metropolitan has signed contracts with builders to put up $35,000,000 worth of housing, covering 120 acres in The Bronx. This development will be by far the biggest housing project ever undertaken in the U. S. When completed three...