Word: boom
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Dates: during 1990-1999
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...stock market's grinding 1,698-point decline, a loss of 8% from the July 17 peak of the Dow Jones industrial average at 9337.97. The company also offers a glimpse of what might come next, as American workers and investors like Dave Trench wonder whether the long boom is over. Should they pull their money out of stocks? Does the market slide foretell a recession? How is any of this bad news possible when the U.S. economy seems so strong, with the lowest unemployment, inflation and interest rates seen in a generation...
Talk about a baby boom. If you thought the postwar bulge of births was big in the West, just wait till it goes global. According to a report released Wednesday by the United Nations Population Fund, a higher proportion of the planet is entering its child-bearing years than ever before: One billion young people between the ages of 15 and 24. The most immediate result? "Millions of additional unintended or unwanted pregnancies... tens of thousands of additional maternal deaths, and at least a million more infant and child deaths," says a gloomy...
...work on four projects, including Hytner's film of the show Chicago (with Madonna and Goldie Hawn); a London revival of Stephen Sondheim's Into the Woods, directed by Crowley's younger brother John; and a Disney stage musical loosely based on The Invisible Man. There's a Bob boom on: he is the guy everyone has to have...
...rich do you feel? That's the boom-or-bust question for the U.S. economy as Wall Street stumbles through a summer of pratfalls. The great bull market of the 1990s has pumped $9 trillion into investment portfolios and encouraged Americans to spend some of their gains--a trend that has helped sustain prosperity. But the "wealth effect"--the term economists use for the urge to splurge when we feel rich but to pull back when we feel poorer--could pound the economy if we see more days like last Tuesday, when the Dow Jones industrial average dropped 299 points...
...market boom has become a crucial source of economic well-being. That helps explain why consumer confidence has soared throughout the '90s even though the average paycheck rose barely until recently. "People who are retired have seen their assets double," says Jon McGeath, who manages the A.G. Edwards & Sons brokerage office in Oakland, Calif. "They've made more money than they ever did working, and it feels terrific...