Word: boom
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Dates: during 1990-1999
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There's a lot more wrong with Japan's economy than its banks: Toshiba and Hitachi, two of the electronic giants that drove the country's postwar industrial boom, on Monday posted massive losses. Toshiba's $53.6 million pretax loss in the first half of fiscal '98 compared with a $212 million profit for the same period last year; Hitachi lost $1.04 billion compared with a $204 million profit in the equivalent period last year. "These companies will bleed as long as demand at home and in Asia remains weak," says TIME senior business reporter Bernard Baumohl. And therein lies...
...have seen a sharp rise in the number of gays and lesbians raising children, the so-called gay-by boom. Some had children before realizing they were homosexual. More recently, many would-be gay parents have chosen adoption, foster care or artificial insemination. While exact numbers are not available, it has been estimated that 6 million to 14 million children are living with at least one homosexual parent. Publishers have sought to meet the needs of this community with books like the often controversial Heather Has Two Mommies (Alyson...
...Societies that attend to the poorest of the poor can save their lives, promote their longevity and increase their opportunities through education and productive work. Societies that neglect the poor, on the other hand, may inadvertently allow millions to die of famine--even in the middle of an economic boom, as occurred during the great famine in Bengal, India, in 1943, the subject of Sen's most famous case study...
...demonstrated that the Bengal famine was caused by an urban economic boom that raised food prices, thereby causing millions of rural workers to starve to death when their wages did not keep up. And why didn't the government react by dispensing emergency food relief? Sen's answer was enlightening. Because colonial India was not a democracy, he said, the British rulers had little interest in listening to the poor, even in the midst of famine. This political observation gave rise to what might be called Sen's Law: shortfalls in food supply do not cause widespread deaths...
...Wall Street, investors have a word for such a collection: overhead. Even before the market tanked, analysts were marking down casino stocks on the fundamentals--too much capacity--and they are worried that this latest building boom will crap out. The Vegas Valley, for instance, is heading into a glut of 127,000 hotel rooms--up a scary 20% from the current level. That's one reason gaming stocks such as Mirage's have lost one-third to one-half of their value in the past year. The weakening global economy is also taking its toll. The high rollers from...