Word: boomingly
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Dates: during 1950-1959
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...beginning to falter. G.N.P. for the second quarter of 1957 was just even with the first-quarter rate in dollars (but down a fraction in real terms), and government economists think third-quarter figures will show a further fractional setback. The leveling off of Canada's long-lived boom last week sent jitters from Toronto's Bay Street to Alberta's unseasonably snowbound prairies...
Canny Konrad Adenauer quietly set up a shadow Economics Ministry in his chancellery to take over if Erhard's prophecies flopped. But the professor's exhortations to Germans to wait for lower prices paid off. The inflation threat faded, and the German economy took off on the boom that has yet to end. Shortly after that crisis, Erhard took a hefty bite on his cigar and told a visitor: "Remember all those announcements I made about controls? You know how many I had to put in force? None...
...Affirmative Good. World Banker Black, who has lent $3.1 billion to 45 nations since World War II, admitted that the boom has left the free world "short of breath" (see The Shortage of Money). Yet, he declared, "today it is broadly true that the opportunity to attract foreign private capital is there for those nations which have the will and courage to grasp...
...retailers were predicting record sales for the rest of the year. Yet there was enough disturbing news on the nation's economic front last week to reinforce fears that 1957's fourth quarter, while good by most normal standards, might not be up to the ever-rising boom-time standards the U.S. has come to expect. Personal income dropped off for the first time since January 1956; department-store sales across the country were off 1% for the week, and carloadings showed a decline. The rate of business failures for the first half was higher than...
MANHATTAN BUILDING BOOM is slowing because of inflation and increasingly tight money. Millionaire Vincent Astor temporarily halted excavation for his $60 million, 46-story Astor Plaza skyscraper on Park Avenue because he cannot find necessary additional financing at 5½ % interest rates. Mortgage lenders say several other buildings among 29 currently planned for city could also be held up by scarce credit...