Word: boom
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Dates: during 2000-2009
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...year. Meanwhile, it's unclear where the government will find the extra €1.6 billion to fund the public-sector raise - new Finance Minister Thierry Breton last week downgraded official forecasts of economic growth this year, from 2.5% to nearer 2%. A Bad Day At The Bourses Is the boom off in Central Europe's stock markets? After posting record gains in recent months, bourses across the region stumbled last week. In a single day, the Prague Stock Exchange's PX 50 index tumbled by 5.8%, the second biggest loss in its history; the Czech press dubbed it "black Wednesday...
...nation turned away from depression and world war to what became America's vast peacetime imperial consumerism--the automobile-and-suburb culture. The baby boom was in utero, or in diapers. George W. Bush and Bill Clinton were approaching the terrible twos. In LIFE, an ad for Mutual Life Insurance showed a drawing of a man just about Richard Nixon's age (35)--hair Brylcreemed straight back like Nixon's--bending over a child about 2 years old sleeping in a crib. The father in the ad says, "Goodnight, Mr. President ... and big dreams...
...Japanese sufficiently qualified to lead the company-is evidence of how hard Japan Inc. now finds it to pull off the double act that Morita once handled so well. To an extent, the troubles of corporate Japan are a function of a long period of economic stagnation. During the boom years of the 1970s and '80s, Japan Inc.'s single-minded focus on engineering and process development-not to mention a resistance to foreign ideas-were hallmarks of the country's rapid economic progress and a source of national pride. But when the economic bubble burst in the early 1990s...
...quite optimistic about 2005. Valuations are not demanding, especially in a world of low inflation and low nominal interest rates. Mergers and acquisitions should boom this year, providing windfalls for the shareholders of takeover targets. I would expect corporate share buybacks to accelerate and dividend growth to remain strong. High returns on equity and low nominal growth mean lots of excess cash available for shareholders' benefit...
...Birla, chairman of the Aditya Birla Group, a Bombay-based conglomerate, and one of the country's richest men: "65% of our population is in the villages; you have to have a budget that addresses them." Empowering the poor, many businessmen say, will eventually widen the foundations of the boom. "The emphasis on health, education and fighting poverty will mean increased economic opportunities and spending power. The tech sector in this country would be an indirect beneficiary," says Kiran Karnik, head of NASSCOM, India's information-technology trade association. Yet for many Indians, the big question remains: Will increased spending...