Word: boom
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Dates: during 2000-2009
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...cities than they do in the countryside, their material gains cannot adequately compensate for the enormous sacrifices they make. "They watch TV and see pictures of worlds they will never be part of," he says. "That can create unrest." Such is the dark side of China's boom...
...even bigger deficits brought on by the financial crisis and President Obama's efforts to stimulate the economy, plus looming shortfalls related to Social Security and Medicare will add up to economy-straining debts a few years from now - barring major changes in fiscal policy or a huge economic boom. (Read "Is the Dollar Dying a Slow Death...
Undergraduate Council presidential candidate John F. Bowman ’11 and his running mate, Eric N. Hysen ’11, stand outside the Science Center in front of a neon green poster. With last year’s pop hits blaring from a boom box, Hysen engages passersby as Bowman breaks into a little dance...
There is reason to believe such eye-popping spending can continue. As more regions of China's vast hinterland join in its amazing economic boom, more and more of the country's 1.3 billion people can afford cars, refrigerators and flat-panel TVs items not too long ago considered luxuries for a fortunate few. Chen Baogen, Xi'an's mayor, says his city of eight million had lagged behind towns on the export-oriented coast, but now incomes are growing to the point where consumption is taking off. In the first nine months of 2009, retail sales in the city...
...good chunk of the FHA's portfolio, though - nearly 40% - is made up of loans written over the past 12 months. In a way, that's a boon, since lenders have tightened their standards and as a result have sent higher-quality loans to the FHA. During the housing boom, more than a third of the loans the agency insured went to subprime borrowers; today, fewer than...