Word: boomingly
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Dates: during 1950-1959
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Inflation and the lopsided boom have bred many millionaires. But Turkey's trouble has mostly bred deep discontent. It boiled viciously to the surface last month in the Istanbul and Izmir riots. They began, ironically, in what was almost certainly a government-inspired plan for demonstrations against Greece's claims to Cyprus (TIME, Oct. 3). But before the nasty surge was checked, it had swept beyond minorities, to strike at many Turks as well-a raging protest against high prices, low wages, and the sight of luxury in its midst. Trying to call off a mob from burning...
...first third-quarter earnings came out from U.S. business last week, and put another rosy bloom on the boom...
Burns cited other elements of strength: "Although the nation's business is significantly larger than at the peak of 1953, inventory holdings are smaller. Despite the extensive [housing] boom, vacancies now available fall short of the reserve that people need...
...HOUSING BOOM will slow down next year, predicts Thomas Coogan president of Manhattan's Housing Securities Inc., a mortgage clearing house. Reason, says Coogan: overbuilding in some areas and mortgage credit curbs by the Veterans Administration, FHA and other agencies have already slowed down sales and will "create a serious drop in housing starts next year...
DURING the greatest economic boom of all time, a new group of stockholders is sharing in the fat corporate profits. They are the U.S. workers who make the goods. Since World War II, plans to help employees buy stock have spread so fast that some 300 companies now have programs involving 2,000,000 salaried and production-line workers. This week General Motors announced the results of a poll on its plan for 112,000 salaried employees. Four out of every five eligible workers decided to invest up to 10% of their pay in G.M.'s future...