Word: boom
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...little while later the rat-a-tat of machine-gun fire could be heard in the distance, then the ka-boom of tank guns. The shooting continued sporadically through the afternoon and into the night. We slept fitfully and the next morning boarded the bus for the return journey to Kandahar. Not surprisingly, the bus was full...
...drilling boom in the U.S. is yet another demonstration of an old economic law: when prices rise, producers will attempt to increase their output. In 1978 Congress began phasing out price controls on natural gas, and in 1979 the Government started a gradual decontrol of crude-oil prices. The cost of oil and gas immediately increased, but the initial production results are impressive. U.S. oil output will rise by 2% this year, from 8.5 million bbl. per day to 8.7 million bbl.-marking only the third increase in a decade. The additions to natural-gas reserves grew by 35% last...
...analysts believe that several other companies, including General American the of Texas and Marathon Oil of Ohio, are likely to follow the Mesa or Houston examples. As the exploration boom heats up, many firms may be anx ious to jettison old wells and concentrate on wild-cat drilling. One uncertainty about the trusts: the Internal Revenue Service has yet to rule on the tax benefits that will shower on shareholders. Until then, Texas tycoons will continue drilling through this large loophole...
...early '60s, the airline's piston-powered DC4s and DC-6Bs were usually packed with Americans doing Europe on $5 a day. Business continued to boom after the line switched to nonstop jet service, which was still at cut rates. In 1977 Icelandic carried 240,000 passengers. But then came Freddie Laker's Skytrain flights and subsequent price slashing by the major airlines. Budget flyers could now skip both Reykjavik and Luxembourg and still save money. After losses of $15 million last year, Icelandair, its official name since 1979, slashed the number of transatlantic flights from...
...years of covering the boom towns and boondocks of America for CBS's 60 Minutes, Morley Safer has found himself in more motel rooms than he would care to remember. But Safer, 48, has made a virtue of professional necessity: he winds up his days on the road by retiring to his rented rooms, switching on Johnny Carson ("very conducive") and pulling out his paintbox and brushes to record the place for posterity. Come Sept. 14, a score of watercolor and acrylic still lifes by the closet Matisse of Marriotts will go on display and sale at Manhattan...