Word: boom
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Dates: during 1990-1999
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Enter Santa, dressed as the GDP. Late in the week, with both sides still struggling to close the deal, a bounding U.S. economy closed it for them. The Congressional Budget Office quietly informed budget negotiators that the economic boom would produce an unexpected surge in tax revenues that would shrink the deficit by an estimated $225 billion over five years. As if to confirm it was not a mirage, evidence of the economy's strength kept emerging all week. First came news that during the first quarter, gross domestic product was up 5.6%, the biggest gain in a decade. Then...
DENVER: ?It was a thunder, boom sound,? Helene Garrett recalled Friday, one of the first nine witnesses testifying in the trial of Timothy McVeigh. ?I screamed and everything started falling.? Even some reporters started crying during Garrett?s description of the last time she saw her infant son Tevin, at the daycare center in the Murrah federal building. Desperately looking for her son in the rubble, Garrett watched the rescue workers as ?they carried out the babies, and they were wrapped in sheets.? Three days later, Tevin was found. ?I kissed his feet, and I kissed his legs,? said...
...will go to $17 before any serious building begins. In the last cycle, the figure went to $30 before the market became saturated and rents slumped, taking property values down with them. The time to start worrying about REITs is when a new development boom begins, probably years off. "Look around New York," Hash says. "There isn't a construction crane in sight...
...most of the old theaters and porn shops were boarded up. Despite a building boom in the rest of the Times Square area, 42nd Street's caretakers were having a hard time interesting new tenants because a figurative stench still lingered. Of the few serious inquiries about the old theaters, one came from a mud-wrestling entrepreneur, another from Michael Eisner. Disney's chairman became interested in owning a theater in New York because the company's theatrical version of Beauty and the Beast was imminent on Broadway. As it happens, the architect Robert A.M. Stern, who had devised post...
...researchers succeed in only reducing the symptoms of Alzheimer's, they will have accomplished a great deal. About 4 million Americans suffer from the degenerative brain disorder, and caring for them costs some $100 billion a year. Before the middle of the next century, the aging of the baby-boom generation is expected to swell the number of Alzheimer's sufferers nearly threefold. Measures that delay the onset of symptoms in these patients by just five years could cut the associated health-care costs as much...