Word: boom
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...1980s, when Run-DMC attracted sponsorship from Adidas, the rap community has aspired to be big business. By the '90s, those aspirations had become a reality. In a 1999 cover story, TIME reported that with 81 million CDs sold, rap was officially America's top-selling music genre. The boom produced enterprises like Roc-A-Fella, which straddled fashion, music and film and in 2001 was worth $300 million. It produced moguls like No Limit's Master P and Bad Boy's Puff Daddy, each of whom in 2001 made an appearance on FORTUNE's list of the richest...
...past four years, boosting demand for houses, offices, megamalls and hotels. Land prices in some areas have tripled in value since 2004, while office rents in Mumbai (formerly Bombay) and New Delhi are now more expensive than those in Paris, Hong Kong or midtown Manhattan. Yet the boom may still have room. Merrill Lynch forecasts India's property industry will grow to $90 billion by 2015, up from $12 billion in 2005. "You will need 100 DLFs," Singh says...
...biggest threat, though, is a crash in the property or stock market. When U.S. property and media tycoon Sam Zell visited India in April, he told local real estate executives that they were "on the brink of excess" and that the boom could end in a bust. Real estate stocks plunged as much as 50% in a general market sell-off last spring, while property prices have fallen 20% or so in some areas in the past six months. Both the government and the Reserve Bank of India are trying to cool the real estate sector without crashing...
Still, St. Andrews has become the focal point of a boom in extravagant American-financed developments in Scotland. Seven are in the works, including a $500 million development in Aberdeenshire by Donald Trump, who claims, with characteristic Trumpian restraint, that he will build "the best golf course in the world." He told TIME that his project is not a follower of this trend but rather its cause: "I think I've done a lot to help put Scotland...
...been living in an age of melancholy for at least two decades. Outpatient treatment of depression rose 300% between 1987 and 1997. But while it's tempting to blame our culture--fear of terrorists, too much caffeine, living by BlackBerry--there's a more straightforward explanation for the boom in dejection. In 1980 the American Psychiatric Association published a new definition of depression in the Diagnostic and Statistical Manual of Mental Disorders--usually shortened to DSM--the compendium used by mental-health professionals to make diagnoses. The new definition was a radical departure from the old one, which had described...