Word: boomingly
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Dates: during 1950-1959
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GERMAN AUTO BOOM is slowing down as a result of new tariff regulations by other European nations, e.g., Belgium and Sweden. Two big German automakers, Borgward and Goliath, are laying off workers. Giant Volkswagen will cut to a five-day work week early next year...
...stories usually run on inside pages, while Page One is given over to national and world news sum maries, interpretive and feature stories, all occupying the same places from day to day, e.g., daily Page One leaders range chattily (as they did last week) from Europe's motel boom to building trends in hospitals and supermarkets. Barney Kilgore has reluctantly expanded the Journal from an average of 16 to 24 pages daily since 1940 to make room for more advertising, but his editors still squeeze the most from every inch of space by only rarely running pictures...
...fast is the U.S. boom growing? Much faster than most businessmen think, Ford Motor Co. Board Chairman Ernest R. Breech told the St. Louis Chamber of Commerce last week. "The big boom we have all been anticipating for the early 1960's is no longer a distant dream. We have no choice but to prepare for a major breakthrough into a new and much higher plateau of production and consumption...
There were other signs that the nation's money managers were no longer thinking in terms of further credit restraints. One big reason: the illness of President Eisenhower had done as much as any FRB action to prick the speculative bubble on the boom. In fact, indications were that U.S. credit might be eased, perhaps in January, after the Christmas buying rush...
...bright side of the budget ledger is the continuing rise in revenues. In August, when budget planners predicted a $1.7 billion deficit, the figures were based on Government income of $62.1 billion. But the forecast underestimated the growth of the U.S. business boom. The increase in personal income is expected to push personal income tax receipts from $32.8 billion to $33.2 billion. Furthermore, corporate profits are expected to run well over the estimate of $40.6 billion, may hit $43.5 billion by year's end. Additional tax revenue: $1.5 billion. Altogether, the Treasury's income from all sources...