Word: boom
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Dates: during 2000-2009
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...transition required a lot of deprogramming of old attitudes, and it produced a lot of pain. Some employees break down and cry in ROWE training sessions. "People in the baby-boom generation realize what they gave up to get ahead in the workplace, and a lot of times it's their families. They realize that it doesn't have to be that way," says Ressler, her eyes tearing up. In particular, men thank her and Thompson, who run the sessions, for giving them permission to spend more time with their families. "They know now they...
...addition to the new exotic golf tourism, increasing affluence in countries like China and South Korea is fueling a golf-course boom. Although construction is slowing in the U.S., in China's Guangdong province alone, there are now 60 golf courses. The country's first professional golf tour was launched this month. The China Golf Association will have four tour events, each with $100,000 in prizes. On Cheju Island, off the tip of the South Korean mainland, 40 new courses are set to open by 2010 as a result of golf's exploding local popularity. In several cities...
...months ago, with memories of this debacle fading, my brother and I began to discuss buying property together again--this time in Shanghai. China's economy is growing at 9% a year, and Shanghai is the epicenter of the boom, yet apartments there still cost far less than in Hong Kong, Tokyo or New York City. That gap will close, says Marc Faber, an emerging-markets expert who writes a newsletter called the Gloom, Boom and Doom Report. "Eventually," he predicts, "Shanghai property prices will be higher than prices in New York...
...fiscal restructuring package to help avoid an Argentine-style financial crisis. But the cornerstone of that package?an expanded value-added tax?has been suspended by the Supreme Court. Increasingly, Arroyo is no longer seen as an asset but a liability. "We were on the verge of a major boom," says Joey Salceda, a Congressman who helped devise the economic plan. "That's gone...
...Robert Tchenguiz - may be getting cold feet. Despite expressions of support from Baugur shareholders including Kevin Stanford, co-founder of Karen Millen, Baugur last week bowed to pressure from its partners to drop out of the consortium. Other Icelanders are waiting in the wings. Boosted by a stock-market boom and a thriving economy, several Icelandic companies are also on the acquisition trail overseas, including financial institution Kaupthing and food company Bakkavör. It's not just the springs that are hot in Iceland, it seems. - By Peter Gumbel Stirring Up The Risk Pool Triathletes are usually known...