Word: augustness
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...government action to cool down the market, by, for example, restricting credit for property development, is resulting in a sharp falloff in construction. After 35% growth in real estate investment in the first half of the year, Wang estimates that growth dropped sharply to some 20% in July and August. The property sector accounts for about a quarter of all fixed-asset investment in China and about 10% of national employment. A slump could drag down other sectors like steel production. "Beijing cannot afford a collapse in the housing market," wrote Jing Ulrich, chairman of China equities for JPMorgan...
...With indoor rodeos, what you first notice is the smell, a combination of dirt, dung, hay, sweat, boredom, excitement, and fear. What you notice second are red, white, and blue flags in every shape and size hung like laundry...At the Pike's Peak Rodeo in Colorado Springs in August 2004, an Air Force general opens the show with 'Our boys over there are lassoing terrorists, they're riding herd, so let's RODEO!' The audience cheers. The emcee announces that Julia Child died today and that her favorite meal was 'Read meat and a bottle of gin.' The audience...
...technology is undergoing massive renovation. Some 18,000 workers used to produce just over 2 million tons of steel here; now about 6,000 people produce almost three times as much - and the plant consumes less energy per ton of steel than many of its rivals around Europe. In August, a new hot strip mill started up, the first fruits of a $3 billion investment program aimed at upgrading Turkish steel production...
...Complaint: The couple was supposed to fly nonstop from New York to Papeete, Tahiti, aboard Air Tahiti Nui in August for their honeymoon. Some 17 hours before the flight - which they had purchased using American Airlines (AA) miles - they got an email telling them it had been canceled. An Air Tahiti Nui rep told them the next flight wasn't for another two days, which is no good when you've got a honeymoon booked and prefer to be sitting on a beach instead of in an airport...
Pakistan's leaders say their own response to the terrorist threat has likewise stepped up a notch. They point to the Bajaur offensive as exhibit A: The operation, which began in early August, was initially a defensive action to stop militants overrunning the regional headquarters of Khaar. Over the past few weeks, Pakistani troops have gone on the offensive, using aerial attacks and ground troops supported by tanks and artillery in one of the fiercest battles inside Pakistan since 9/11. Pakistan's army bosses say they have killed more than 1,200 militants, including foreign fighters from the Middle East...