Word: boom
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Dates: during 2000-2009
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...construction site in the heart of the City, London's financial quarter, a tower stands half-demolished, its bruised concrete and severed beams exposed. Here - between the Lloyd's building, a monument to the City's 1980s boom, and the Gherkin, Norman Foster's popular pickle-shaped tower at 30 St Mary Axe - work on the foundations for the 738 ft (225-m) Leadenhall Building is underway. Intended for completion in 2011, the skyscraper - designed by celebrated British architect Richard Rogers - would have stood as the tallest in the City...
...least 35 multinational energy companies. The area covers almost 700,000 sq. km. and it's growing fast. In 2003 Peru cut oil and gas royalties in an effort to kick start energy investment; that discount, compounded by the rapidly rising price of oil, sparked a mini-boom in energy exploration. Oil and gas zones now cover some 72% of the Peruvian Amazon, up from a little more than 20% a few years back. The story is much the same in neighboring countries. "Ten new projects were approved last year in Peru alone," says Finer. "We can see the land...
Over the past decade, economists have been divided about the great Indian boom. For one party, the Indian economy's amazing growth rates indicate that the country is a nascent superpower - an America in the making. As evidence, they can point to the growing clout of Indian firms like Bennett, Coleman & Co., a privately-owned Mumbai media conglomerate that recently bought Britain's Virgin Radio. For the other group of economists, the boom has been an illusion: the majority of Indians have been excluded from the growth, poverty rates have stayed stagnant, and India is still just a Sudan with...
...Indian economy is slowing this year, but even if it grows at only 7% or 8%, it will be doing far better than the U.S. and most of Europe. The Indian multinationals that have grown out of the 10-year boom look as strong as ever, with outsourcing giants like Infosys and Tata Consulting Services growing very robustly. Their success has created a huge middle class for which 12% inflation is more of a nuisance than a worry. The long-term future of the Indian middle class is secure. The factors that have driven its success - a sure grasp...
...wearing armbands and shirts identifying them as "security volunteers." Some neighborhoods seem to have more guards than residents. Bus and subway riders are subject to random luggage probes, and a series of checkpoints on roads leading into Beijing have produced miles-long traffic jams. An anticipated Olympics-related tourism boom looks to be more of a damp squib, probably due in part to unusually strict enforcement of visa regulations. Some 500,000 tourists will visit Beijing this month, according to official estimates - that's about the same number that checked out the capital in August last year. One Chinese netizen...