Word: boom
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Dates: during 2000-2009
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...weak governments, meaning that the family was the only source of protection and economic support for people. More recently, psychologists and economists believe the mammone problem is rooted in the economic precariousness of a debt-ridden nation that has been in gradual decline since its post-World War II boom. Religious values are still strong too. Until the 1960s, the Roman Catholic Church explicitly encouraged a family structure based around a working father and a stay-at-home mother. (See pictures of the good life in Italy...
...month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director at JB Securities, referring to the inpouring of investment brought on by the end of the island's decades-long civil war in May. (Read about Sri Lanka's postwar tourism boom...
...Historic districts in storied Silk Road cities like Kashgar and Khotan are being torn down and replaced with drab housing blocks. "In the face of China's modernity project," says Sakamaki, "Uighur culture is being diluted more and more." (Read "Why the Uighurs Feel Left Out of China's Boom...
Depending on your point of view, the World is either the apex of mankind's ingenuity or a cautionary tale about the feverish excesses of Dubai's 21st century boom. Each island was selling for $15 million to $50 million, by invitation only: its developers were pitching the spits of land to tycoons, sportsmen and celebrities. But when Dubai's property market imploded last year, dropping more than 50%, cheeky headlines in the international press suggested that "the end of the World" had arrived. One dealer was quoted as saying that the multibillion-dollar project had been postponed "indefinitely...
...says Han Hua, an associate professor at Peking University's School of International Studies. "We have to diversify and get energy not just from the Middle East but from Russia. After decades of discussion, this agreement is really important for China's growth." (See pictures of China's infrastructure boom...