Word: boom
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Dates: during 2000-2009
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...Jean-Claude Trichet, president of the European central bank, the body that sets monetary policy for the entire euro zone. Economists say the bank's 2% benchmark interest rate is far too low for the strongest economies, providing them with plentiful cheap money and helping fuel both a credit boom and, especially in Spain, a potential housing bubble...
...under the tutelage of Sam Walton. Today he is the missionary from Bentonville, Ark., bringing the Wal-Mart way to China. "I was blessed to work for Sam Walton," he says, "and I am doubly blessed to work in China." Walking through a brightly lighted store in Shenzhen, the boom town across the border from Hong Kong, Hatfield, who heads Wal-Mart's retail operations in China, can't disguise his delight over the--what else?--"everyday low prices!" He zips over to an electronic keyboard selling for $20. "It was three times more a few years ago!" he exclaims...
...Indeed, some coastal towns have been whaling for centuries. Yet few Japanese ate whale prior to the lean postwar years, before General Douglas MacArthur encouraged it as a cheap, abundant source of protein. Japan took to it with gusto, and that meant boom times for fishing ports like Ayukawa, where boats brought back as many as 600 whales a year. "In so many ways?food, culture, tourism?everything was based on whaling," says 67-year-old Yusa, whose family has been in whaling for two generations. That prosperity died when commercial whaling was banned by the IWC in 1986. Japan...
...same flaws been found in someone not as highly regarded or placed, their university employer might well have lowered the boom on them,” Hoffer writes...
...Pusey and other administrators had their fingers on the pulse of the problem before experts released their reports on the reverberations of the Boom. Already concerned by a freshman class size 50 men larger than expected, House Masters and administrators alike were meeting to discuss the projected rise in applicants and exactly how Harvard could absorb the next wave of scholars...