Word: boom
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...neat, orderly system. The street vendors of Lima or Peking or New York City, some basic examples of capitalism, are more chaotic than the orderly but often empty stores in so many socialist states. Capitalism's unruliness means that it will always be subject to swings of boom and bust. The system, however, presents the constant opportunity for profit and for improvement of the individual's lot. Countries that want to develop quickly or stay abreast in a rapidly changing economic world are finding themselves drawn to free enterprise, which lets people loose so that they can lose their economic...
First National of Oklahoma City embarked on a bid to become a regional banking power during the 1970s oil boom. When prices fell, however, the bank's long-shot energy loans began to misfire. The bank slipped in position from the state's No. 1 institution to third-largest and during the past four years lost more than $200 million. Last September federal banking regulators forced the resignation of First National's chairman and largest stockholder, Charles A. Vose Sr., 85, who had led the bank since 1945. But the new chairman, J.G. Cairns Jr., found the institution in disarray...
...move toward monitoring has ignited a boom for companies that produce the necessary software. A Utah-based firm, Clyde Digital Systems, makes a program called AUDIT that records every single keystroke by a terminal operator. "It permits total surveillance of all users, all of the time," boasts company President Allan Clyde. Some software is more manipulative, according to a report on computer monitoring issued last April by the 9 to 5 group. One such program berates workers with messages that say, "You're not working as fast as the person next...
...current atmosphere does seem to be part of a national retrenchment from the giddy permissiveness of the '60s and '70s. As the baby-boom generation settles into respectable middle age, many of the trends associated with it are in decline: singles bars seem to be on the wane, promiscuity is becoming a fickle memory. The sexual revolution, which celebrated polymorphous diversity, ended with cruel jolts: first herpes, then AIDS. Says Michael Novak, a social philosopher at the American Enterprise Institute: "The coming theme for the liberal society is virtue and character. In its youth liberal society could claim that...
...great European figurative tradition out of the grip of abstraction, his art declined in vitality. One soon wearies, for instance, of the view-fromthe-boardroom cityscapes of Berlin, London and New York that he turned out in some profusion for Axel Springer and other bigwigs of the postwar boom years. But to say that his talent collapsed like Chagall's is quite untrue. Chagall painted nothing but cloying ethnic kitsch for the last 30 years of his life. But in some of Kokoschka's last paintings there is the real sense of an old man's rage...