Word: boomingly
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Dates: during 1960-1969
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...makes his own fretless banjos, cutting down hardwoods and killing groundhogs to get his materials. Years ago, he sang a song called Tom Dula for a visiting folk scholar. It was later recorded by the Kingston Trio as Tom Dooley. If any one event touched off the present folk boom in popular music, that was it. The Kingstons have sold more than 2.6 million copies of the song and many other singers have recorded it, too. Proffitt's reward has been approximately zero dollars, zero cents...
Jewel Tea Economist William Tongue sums up the mood: "Where we used to have rumbling pessimism, we now have rumbling optimism." The optimism, however, is restrained: stability rather than boom is the general expectation. And stability, though preferable to a recession, is nothing to cheer about in an economy that has not boomed for five years. Says Swift & Co. Chief Economist Willard Arant: "Economists have fallen into the bad habit of thinking that if we stay even, then we aren't in a recession. But when you don't measure up to a growth trend, you are actually...
...quit after his junior year to join a men's shoe company that his father had launched. By 1932 he was president of the company, and shortly afterward began branching out into women's and children's shoes. When shoe manufacturing failed to share in the boom of the 1950s, he started looking for more promising enterprises, moved into lingerie, sleepwear, knitwear and retailing...
...hard-tops (the industry term for indoor, non-drive-in theaters) built in the past two years, approximately 65 are located in shopping centers, and another 50 will probably be in operation by early 1963. General Drive-In Corp. of Boston, which helped launch the boom in drive-ins after World War II, began switching to shopping-center hard-tops when it opened one of the first in 1951 at the Framingham, Mass., Shoppers' World. It now has ten shopping-center houses flourishing from Florida to Massachusetts, and 20 more under construction or on the board...
Europe feels less need to buy U.S. hard goods now that its own boom is wheezing a bit. But Europe borrows heavily in the U.S. because its own capital markets have not developed as rapidly as its industries. U.S. policymakers are urging foreign financial leaders to do more borrowing at home, but without much success...