Word: bustedly
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Dates: during 1950-1959
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...Chest a Bust. Another private eye told a story of going with Joe DiMaggio and Frank Sinatra, on Nov. 5, 1954. to raid a building where Marilyn Monroe was spending the night (they broke into the wrong apartment). The detective's report, stolen or sold from the files, matched in every detail a leering account of the fiasco in the September 1955 issue of Confidential. (Also called. Sinatra denied under oath that he had participated in the actual raid.) Hollywood brass was so worried by the peephole press, said a third private eye, that major studios once considered raising...
...boom-and-bust warnings of Secretary of the Treasury Humphrey and ex-President Hoover (see NATIONAL AFFAIRS) helped start a selling wave that sent the Dow-Jones industrial average tumbling 7.23 points (to 469.96) for the widest single-day break in eight months. The market rallied Wednesday, until a selling surge was set off by President Eisenhower's warning that the Government might have to impose wage and price controls. By that time not even Secretary of Commerce Weeks's prompt assurance that no controls were planned was enough to stop the downtrend. Next day the market dropped...
...contradictory and widely twisted by scare headlines, all the gabble gave the impression that something must be badly wrong with the patient. Washington, which seemed to be warning of inflation and recession at the same time, was actually saying that if inflation continued to increase, there would be a bust. But Wall Street's consuming worry last week was not inflation but deflation. The fact that the boom is slackening off in a few spots transformed the optimism of a few weeks before into an exaggerated pessimism. Few analysts pointed out that a leveling off is precisely what...
...many Christmas employees, e.g., students, housewives, not normally included in the total. The result: though employment dropped 1,700,000, unemployment rose just under 500,000. Even so, nonfarm employment in mid-January was still the highest for any January on record. Despite all the talk of an impending bust, it looked as if reports of its imminence were greatly exaggerated...
More than 40 Texas insurance companies have gone bankrupt in the past three years. Last week the state's slow-moving Insurance Commission revealed probably the biggest bust of them all. Said the commission: ICT Insurance Co. is "hopelessly insolvent," to the tune of $4,460,243. Left holding the bag were some 14,000 stockholders and 100,000 policy holders. Most of them were labor-union members, because more than 50% of ICT Insurance Co.'s stock was owned by about 380 Texas A.F.L.-C.I.O. locals...