Word: halcyons
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...took Americans a long time to realize that their darkened palaces were not risible anachronisms but a priceless part of their urban heritage. Now these monuments to the halcyon days of movies are not only being restored but are restoring in return the cities that gave them birth. They should all be called the Phoenix...
During the quarter-century after World War II capitalism enjoyed its halcyon days. From 1951 to 1973 growth in the advanced industrial nations expanded by an average 4.8% annually, while inflation generally was low. U.S. presidential advisers by the late 1960s confidently claimed that they had captured the golden fleece of continued, noninflationary, high economic growth. The 53 recessions and depressions that had afflicted U.S. capitalism's previous 165 years were a part of history, they figured, much like the Black Death. This optimism came crashing down during the 1970s, a victim of excessive demand by Government and consumers...
...individual family's 30-year mortgage to fluctuate by as much as 5% up or down, following market conditions, and may mean the end of traditional long-term fixed interest home loans. Lenders have complained that they are losing money because they still carry loans made in those halcyon days of 6% mortgages at a time when they are being forced to pay as much as 16% interest to attract new deposits...
...halcyon days of Kansas City jazz have gone forever, and the sad scraps of film that survive--hokey period pieces which show these great musicians transformed by the miracle of Hollywood into grinning antebellum darkies who sway to the beat of their most commercial pieces--obviously fail to recover the real spirit of the era. The Last of the Blue Devils is no substitute for the films that a more perfect world would have made in those days. Most of the Kansas City players have passed their prime, and much of their music has become cliched and formulaic. But Ricker...
...will the halcyon days of U.S. preeminence in the sciences continue...