Word: boom
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Dates: during 2000-2009
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...consumer goods, has driven some farmers into crushing debt. The financial hardships are so extreme that thousands, including Pravin, commit suicide every year. Far from benefiting from the country's new prosperity, whole villages of India's rural poor are being left adrift, eager to join in the boom but unable to afford...
Detroit got into this benefits predicament because of a not entirely conscious policy decision by Washington after World War II to encourage corporations to provide health care and pensions (most other affluent countries gave government a bigger role) in lieu of inflationary wage hikes. During the decades-long economic boom that followed, this system worked spectacularly well--especially for employees of Detroit's prodigiously profitable Big Three...
RAJIV MEHTA, OWNER OF AN INTERIOR-DESIGN company in New Delhi, has come to dread his frequent business trips in India. Typically his flight approaches its destination only to have to circle the airport because of congestion on the ground. Thanks to India's economic prosperity and the booming growth of its airline industry, more Indians are flying today than ever. But they are enjoying it less, because more than half of all domestic flights are delayed 30 min. or more. "We needed this boom because people need to travel and we need choice," Mehta says. "But in some ways...
...next dozen years were spent in cover bands, trading on Top 40 hits and rock standards and occasionally touring to Singapore or Indonesia, but returning to the same smoky rooms in Kuala Lumpur. They were colorful times. "Malaysia was in the middle of a massive timber boom in the 1980s, and the timber graders were licensed to carry weapons because they were carrying huge sums of money around with them," he says. "But many of the timber graders were also gangsters. You would have to play the same song several times a night, otherwise a gangster would...
...Middle East is not just about Iraq. The Middle East has both challenges and opportunities. Many countries in our region are experiencing a massive economic boom. It's a very youthful region, and the young by nature are hopeful, optimistic and innovative. The world shouldn't overlook our successes and achievements...