Word: boom
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Dates: during 2000-2009
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...MacDonald notes, "If I had been paying attention, I might have noticed that it was an interesting time to be alive in America. There was an election in the works, and it was sizing up to be a real humdinger. It was the year 2000. Peacetime. Boom time. An era of big ideas." But in 2008, with a faltering economy and a war on two fronts, this tale of self-induced starvation just doesn't seem as funny. Can lentils and hard-boiled eggs save...
...states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen at least 50% since its peak. Revising the bill is a good idea, but in doing so, we must realize that we will make food more expensive, since some farms will go broke. Sometimes these...
What I remember from 1999 was the ubiquity of music: everywhere, every day, in clubs at night and on the Malecón in the mornings--music. At González Coro hospital in Vedado, where my wife was working for the summer, surgeons broke out a boom box in between patients and invited nurses and med students alike for an impromptu salsa session. Dance, sing, smile, repeat: the cultural cure for whatever ailed the revolution...
...only the state, he figured, could be entrusted to improve the livelihoods of the poor. The result was the bizarre License Raj, a bewildering maze of regulation that hamstrung private enterprise. By 1990, the system had produced outdated, uncompetitive companies and a near bankrupt government. India only started to boom once intrusive state regulation was scrubbed away, in a bold reform effort led by Manmohan Singh (the current Prime Minister) beginning in 1991. "I've come to the conclusion that equity does not mean filing of more regulation of private enterprise," Singh once explained. "Those who create wealth must...
...workers are being thrown out of their jobs, and economic indicators seem to presage more gloom, with electricity production for industry falling 4% in October, the first time it has declined in a decade. Even the country's seemingly insatiable thirst for oil to fuel its decades' long boom seems to be fading: China's national oil company said late in November that demand had declined "sharply" in recent months as industrial production slowed and was set to fall further...