Word: boom
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...Kappa address that Moynihan delivered at Harvard in which he compared student radicals of the 1960s to the Quaker, Leveler and Digger religious dissidents of Cromwell's England, and then predicted that student activism would die out in the '70s when the demographic bulge produced by the postwar baby boom subsided. Says Riesman: "There aren't many people who have enough knowledge of the Fifth Monarchy Men of the 1640s and of demographics to advance those two thoughts...
...higher than in 1975. Despite the write-offs so far, banks have a huge backlog of dubious loans still carried on their books. The biggest losses are coming on loans to real estate investment trusts-companies that sprang up in the 1960s to get in on the building boom by financing builders of shopping centers, apartments and other commercial projects. Many banks, including Chase, organized their own REITS-a move that now seems to have been most unwise. As demand for commercial construction collapsed, many builders and property owners were forced into bankruptcy, and the REITS and the banks that...
...Throughout the country, tequila appeals most strongly to the young, for whom it serves as something of a maturity symbol. Its biggest new markets beyond California are states with high college enrollments, notably Michigan, Pennsylvania, Ohio and Illinois; the major distributors promote their product heavily on campus. The tequila boom was partly pushed by the Rolling Stones, who swigged the stuff on tour, and another rock group, the Eagles, who recorded a hit called Tequila Sunrise (named for the tequila potion made with orange juice and grenadine...
...only statistic which has risen consistently through boom and bust in the Detroit area is crime. Over 113,000 felonies were reported in Detroit city last year, a solid 12 per cent increase over the 1974 figures. The murder rate decreased, but remained the second highest per capita of all large U.S. cities. Estimated trade in heroin, the nation's highest per capita, has leveled off at about $300,000,000 for approximately 30,000 addicts...
...wage to his workers and vowed he would make Detroit the great American city. Within two years, the worst race riot in America's history up to that time had destroyed Ford's hopes of industrial serenity. Ten years ago, at the start of the mid-1960s business boom, a feature in Fortune magazine on "The New Detroit" proclaimed, "A new consensus is abroad in the city. All the diverse elements that make up Detroit's power structure, once divided and pitted against itself, are being welded together in a remarkable synthesis...most significant is the progress Detroit has made...