Word: boomingly
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Dates: during 1960-1969
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...Boom Town...
...rise is much stronger than the 52-month expansion that came in the midst of the Depression of the 1930s, and is already longer than the 35-month boom of the mid-1950s. Both of those previous expansions ended with sharp drops; but today there is little worry that the U.S. has had it too good for too long and thus may face a jarring business decline...
...rose is off the boom in Italy, where a dizzy round of high living, heavy imports and inflation has stalled the nation's fast postwar growth. The Milan stock market has dived, the lira has been trembling on world markets, and two weeks ago the U.S., the International Monetary Fund and the World Bank backed a $1.2 billion emergency loan to shore up the Italian economy. Last week, after the Italian Senate approved a stabilizing program that restricts installment-buying and raises taxes on cars and gasoline, automaking Fiat and Innocenti threatened to fire thousands of workers. Olivetti also...
...halt rising prices, the man in the street has found a new scapegoat in la cara vita. And the French, who love to complain, moan relentlessly about la vie chere. In any language, inflation is Europe's foremost economic preoccupation-and the problem that most threatens its extended boom...
...price controls on food and manufactured goods, and Denmark has placed a 9%-sales tax on most nonfood products. In Italy the government's austerity program aims at raising taxes on cars and gasoline, restricting installment purchases. Some manufacturers protest that such measures may brake Europe's boom too hard, but political leaders insist that drastic action is needed to stop the rise in export prices and narrow the trade deficits that have been growing dangerously in Italy and Britain...