Word: boom
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Dates: during 2000-2009
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...budget last year by almost 15% and that he helped build an $80 million reserve fund. Still, a Herald editorial called Alvarez's raises "irresponsible." Watchdogs like Valladares complain that Miami-Dade's bureaucracy, like so many local governments in this decade, got too bloated during the economic boom. The County Commission, for example, has a staff of more than 200 serving only 13 commissioners - and yet it still managed to screw up tasks like its oversight of Miami-Dade's scandal-plagued housing agency...
...last month - Shanghai's 81% Great Leap Forward from January to July has now been pared to 42% as of Aug. 31. That's still a hefty advance, but it's looking like the long march backward will continue for some time. (See pictures of China's infrastructure boom...
...growth. As I was 10 years old, it would be a stretch to claim that I was aware of the market’s rise that summer (whatever interest I could afford to the news was gobbled up by the much more interesting Monica Lewinsky). But with hindsight, the boom of the 1990s seem perfectly captured by that record-shattering season...
...Clemente’s death in 1972, which served as an explosive punctuation mark at the close of the “60s” and ushered in the era of what-do-we-do-now malaise, stagflation, oil shocks and Nixon’s demise. Finally, the economic boom of the 1990s and early 2000s had its home-run kings, whose singular ability to hit balls farther and more frequently than any players before captured the hearts and minds of fans and, while the balls kept flying, obscured the underlying instability of the boom...
...Similarly, the boom times of the late 1990s and 2000s—first the technology bubble, then the real estate bubble—were driven by over-leveraging and willful ignorance. Like PEDs of baseball’s elite, the acronyms of the financial world—CDOs, CDSs, LBOs, etc.—were not skills or products in and of themselves. Rather, like PEDs, they were once-exotic, unregulated tools that allowed really smart people to make a ton of money and marginally smart people to come along for the ride, eventually becoming common and insidiously far-reaching...