Word: boomingly
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Dates: during 1960-1969
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...knighthoods for their work, and notes that workmen occasionally even went on strike when monastery food fell below expectations. To medieval France, religion was at least as important socially and economically as space exploration is for the U.S. today. In fact, it touched off a two-century-long building boom. "The artists themselves," Kraus concludes, "were an intimate, inseparable part of this current. The art they produced was a public art in the deepest sense...
...Manhattan, spelled out the Administration's case in somber detail. Without higher taxes, he warned, the nation faces "potentially serious trouble" with "price increases and soaring interest rates." On top of that, Ackley forecast "a deteriorating trade balance and new weakness in housing alongside a possibly unhealthy boom in investment, inventories or even consumer spending on durable goods." A tax surcharge, Ackley insisted, would make the difference between an economy that is "healthy, balanced and noninflationary" and one that is "overexuberant, unbalanced and that generates a monetary and financial crunch...
...that outlay that pre-tax profits dropped steadily over the past three years, to $242 million in 1966. Whatever happens, I.C.I, now does more business abroad than at home, and Chambers thinks that it is in an ideal position "to get in at the top of the next boom...
Chairman-Designate Allen will be primed to greet that boom when it arrives. A stout, genial chemist with old-school ties (Harrow, Oxford's Trinity College), Allen is a steam-railway buff who has written six books (Narrow Gauge Railways of Europe, Steam on the Sierra) on the subject. A former head of I.C.I.'s plastics division and Canadian operations, he is also a cost-conscious businessman who is quick to criticize corporations for "gathering information that is not needed, collecting useless statistics and disseminating unimportant knowledge...
...holding companies so far, and that is insignificant compared to the benefits reaped by Luxembourg's banking community. Local banks often participate in underwriting consortia, manage bond issues and act as paying agents. Says Professor Jean Blondeel, president of Kredietbank Luxembourgeoise, which has trebled its staff since the boom got under way: "We are the Switzerland of the Common Market...