Word: boom
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...problems. While many small towns are frantically trying to get more industry or keep what they have, others are groaning under the problem of providing services for the additional people who come in with new industry. Just recently, Colorado's Governor Richard D. Lamm complained that the energy boom was bringing some of his small towns more prosperity than they could afford. Wrote Lamm: "Craig, Rifle, Meeker-towns that have existed on a stable agricultural base for 100 years-are doubling every two years, every three years. With that growth comes every social pathology; when Rifle doubles in size...
...Democrats have also been undermined by success in a more insidious way. Their decades of running Congress, most states and the White House have made them "the party of the Government," in the words of Texas Democratic Pollster George Shipley. So long as Government was presiding over a noninflationary boom that brought benefits to nearly everyone, that identification helped. But in an era of slow growth, energy shortages, persistent inflation, high taxes, unemployment and recurrent recession, the Democrats have been angrily attacked by members of the old coalition whose competing claims can no longer be reconciled. Says Convention Keynoter Morris...
...level it last reached on Dec. 31, 1976, when it closed at 1004.65. What is needed to keep the bull market charging ahead? One thing would be investor confidence that there will not be a rerun of the spurt in interest rates that nipped the January boom. Another spur would be broad recognition that stocks remain cheap, especially in comparison with real estate, gold and other assets. Ten years ago, one ounce of gold, then worth $35, would have bought a little more than one share of U.S. Steel, which then was selling at 27; today Steel...
...prize in 1977. He was the early favorite to defend the Cup in September against either Britain, France, Sweden or Australia; the foreign trials began last week off Newport. But from the outset Courageous has been buffeted by ill winds. In one race, the hydraulic device that controls the boom failed. Then the boom itself cracked, and a day later the yacht lost her mast when an inexpensive piece of equipment let go high in the rigging. To make matters worse, the New York Yacht Club selection committee "excused" Turner, 41, from the last racing season for the "serious indiscretion...
...Survivalists" spark a boom in doom and the profits follow...