Word: boom
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...Center was invented by Charles King of Memphis, who put the first few machines on beaches last August. This year he expects to distribute 500 of the devices along beaches and at swimming pools. "The sunscreen industry is on the cusp of a major boom," he predicts. If so, sunbathers will need bikinis with coin pockets in them...
...butterfat), the next half-century was largely a story of growth and profit. But that success inevitably brought increased competition from all kinds of newcomers, like McDonald's, and the gas shortages of the 1970s hurt all roadside businesses considerably. There were also some who claimed that baby-boom customers preferred zippy novelties like, say, tacoburgers. So when Howard B. Johnson, son of the founder, got an offer in 1979 from a British conglomerate named Imperial Group Ltd., he was happy to sell an empire that included 1,040 restaurants (about a quarter of them , locally franchised,) plus 520 motor...
Most of the property being acquired in the S & L bailout is concentrated in the Southwest, where the bulk of insolvent thrifts overextended themselves during the oil-boom days of the late 1970s and came to grief in the oil crash of the mid-1980s. The thrifts began repossessing property when borrowers could no longer meet payments, often because homeowners lost their jobs or business owners suffered from plunging sales as the energy-based economy declined. In many cases the loans should never have been made. Observes James Noteware, national director of real estate for the accounting firm of Laventhol...
...nostalgia and a market boom bring most things back eventually. In 1983 the Whitney Museum of American Art revived Benton's old co-regionalist, Grant Wood, with a retrospective. Six years later, it is Benton's turn, with a show of some 90 works at the Nelson-Atkins Museum of Art in Kansas City. Curated by the museum's Henry Adams, who wrote the well-researched and highly readable accompanying biography, Thomas Hart Benton: An American Original, it will run until June 18, then travel to Detroit, New York and Los Angeles through July...
...Bush's presidency has played remarkably like The Sound of Music. It might not have worked in the cold war, but that seems to be over. Comes an economic recession, forget it. But right now, in boom and blossom time on the Potomac, Bush has astonished the Beltway punditry by achieving resounding job approval (54% last week in a TIME/CNN poll, down slightly but still substantial). All the while he has been shrinking his nightly TV presence by as much as one-third compared with his predecessor's, and often he is nowhere to be seen on the front pages...