Word: busted
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Dates: during 1970-1979
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That is not much of an exaggeration. Housing has always been a boom-and-bust business; builders tend to put up too many homes when money is available, operating not on careful demand estimates but on blind faith that there will always be buyers. This year there are not, and 1974 could almost be called the year the building stopped. In January 1973, housing starts ran at an annual rate of almost 2.5 million, a high point in a succession of three unusually fat years for the industry. Since then, starts have plummeted to an annual rate of about...
...industry. A Conservative government will find it much easier than a Labour one, of course, to obtain mountains of foreign credits, but the indulgence of foreign bankers will run out eventually. In order to reduce costs some companies will attempt to lay off workers; meanwhile, other firms will go bust under the impact of tactical strikes and the slump. Nationalization of both kinds of companies will be demanded to save jobs and, given the state of public opinion in Britain today, such demands will be irresistible. Once industry is nationalized, the same kind of redistribution of wealth that would occur...
...Ideally, there should be a separate place for us to be taped," team captain Barbie Matson said. "They're supposed to put up a partition. The trainers are very nice and the football players are less than enthusiastic about our presence. We certainly wouldn't want to bust up the mystique of Dillon Field House...
...team may not "bust up" Dillon, but it's sure to overcome its 4-6 record of last year, with Matson returning at goalie, Karen Linsley at inner, Nancy Sato at center half, Diana Finch at halfback, and what Matson describes as "the best looking team in 73 years...
Colleges also expect to be hit hard as the baby-bust generation of the late '60s and early '70s begins to turn 18 in the 1980s. For economic and other reasons, enrollments have already started to shrink, but the situation will get worse in the years to come. John Silber, president of Boston University, predicts that some 200 smaller colleges, accommodating an average of 5,000 students each, will have to close, and many larger institutions will become academic ghost towns. Anticipating the coming pinch, the Boston campus of the University of Massachusetts has cut three buildings...