Word: boom
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Dates: during 1990-1999
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Social Security is scheduled to start spending more than it collects in about 2012, just as the huge baby-boom generation begins to retire. By 2029, even the so-called Social Security trust funds would be depleted. Thanks to men like Kerrey and investment banker Pete Peterson, president of the Concord Coalition, more and more Americans understand that the Social Security "trust fund" is a myth. Every week's collection of Social Security payroll taxes first goes to pay benefits to today's retirees; then the surplus (currently about $565 billion) is immediately used to finance other federal spending. What...
From Phoenix, Arizona, to Salt Lake City,Utah, to Boise, Idaho, the region is riding the crest of an unprecedented boom. A recent Sunday edition of the Arizona Gazette carried 46 pages of help-wanted ads with large sections devoted to health-care professionals, software engineers and telemarketers. Machine-shop operators in Colorado are hurting for skilled workers--and weeping because they can't find them fast enough to expand. Las Vegas, which already boasts more than 100,000 hotel rooms (as many as San Francisco and New York City combined), has become a construction worker's dream, with plans...
...gives $10 gift certificates to employees whose referrals are hired; plus $50 to the employee and new worker after 90 days; plus another $50 to the newcomer after six months and yet another after a year. But it's still hard to hold help in a region where the boom in tourism and riverboat gambling lets workers quit jobs on Friday and find new ones the next week...
Signs of the boom are everywhere. Shikar Gosh, cofounder of an Internet software company called Open Market, whose work force surged from fewer than 20 people to more than 350 last year, now can't find expanded office space. "The situation is outrageous," he says. "There just isn't anything available." Pamela Reeve, CEO of software provider Lightbridge, has her own gauge of vibrant growth. "I look at how bad the traffic is on 128 and how busy the local restaurants are at lunch," Reeve says. "The traffic is horrible, and the restaurants are booked...
...that regard he is the opposite of, say, Bill Clinton, who brackets the other end of the baby boom: Gates analytically rigorous and emotionally reserved, the President equally smart but intellectually undisciplined and readily intimate. They played golf on Martha's Vineyard once, and the President, as usual, worked hard at bonding emotionally and being personally charming and intimate. He expressed sorrow about the death of Gates' mother, shared the pain of the recent death of his own mother and gave golfing tips to Melinda. But Gates noticed that Clinton never bore in or showed rigorous curiosity about technological issues...