Word: boom
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Dates: during 2000-2009
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...Further fueling this domestic-tourism boom is the dramatic rise in car sales and the rapid construction of a national highway network, making travel more practical and alluring. China has about 34,000 km of highways, a number that's expected to more than double by 2020. "The highways linking cities in Inner Mongolia are better than the road between Sydney and Melbourne," marvels Bruce McKenzie, who oversees China operations for the U.K.-based InterContinental group, which is among the most aggressive of the international players in China. It currently runs 54 hotels there, mostly under the Holiday Inn marque...
...decade before business really starts to boom in some of the secondary cities now being targeted?metropolises like Hefei, Harbin and Chengdu. But early movers such as InterContinental hope to reap the benefits of choice locations and greater brand awareness by getting there first. Eric Wong, a property-sector analyst for UBS Hong Kong, observes: "If I'm a big hotel company, the question is, should I wait ten years to plant my flag in China now? The big chains have all decided, and are in the midst of a flag-planting race...
...Part Indian and part Hungarian, beautiful and unconventional, she painted Brahmacharis in 1937, when she was 24. Just four years later she was dead, but she left behind a legend and a stunning body of work. After years of relative neglect, modern art is now going through an extraordinary boom in India. Entrepreneurs, engineers and stockpickers enriched by the nation's economic rise have discovered that abstract paintings can make for a good investment, and prices have soared for leading modernists like Tyeb Mehta, Ram Kumar and M.F. Husain. Until recently, though, Sher-Gil had been somewhat forgotten amid...
...fuller sense, however, it was America's 1950s economic boom that proved the Interstates' true progenitor. The Federal-Aid Highway Act, passed by Congress and signed into law by Eisenhower on June 29,1956, allocated $25 billion to pay 90% of the costs of a 41,000-mile "National System of Interstate and Defense Highways," to be completed...
Like Rockefeller and Andrew Carnegie, Morgan believed in free enterprise but had seen enough of unbridled competition. For much of his career, he had assembled financing for the railways whose stupendous growth had revolutionized the U.S. after the Civil War. Boom and bust, duplicated routes, desperate price cutting and collapsed enterprises--the bumpy realities of the railroad business left Morgan with a horror of economic disorder. Profits required stability. Stability required concentration. Concentration meant trusts...