Word: boom
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...sooner this partnership is ended, the better, for the two groups are unlikely to agree over the next step. The current boom in clean energy investment will only be sustained if the price of oil remains high. Cellulosic ethanol, produced from trees and shrubs, promises energy yield ratios of 16, but requires extensive research into cheaper enzymes. A full-scale carbon tax would help, but hawks reject such action as quite rash. At most, they might support a gasoline tax as a way of weaning America off Saudi crude...
While private equity plodded along, Silverman built HFS into one of the stars of the 1990s stock-market boom. The company expanded into real estate, then rental cars (Avis). Its share price rose almost 2,000% in four years, and Silverman's net worth rocketed toward $1 billion. He was hailed as a genius. Then, in 1997, he merged HFS with direct-marketer CUC to form Cendant. CUC was an e-commerce pioneer, giving Silverman a tangential link to the Internet bubble. Under CEO Walter Forbes, now awaiting jail, CUC was also a pioneer at fabricating earnings, Silverman later discovered...
That will let IHG invest in growth, because travel is on the verge of an unprecedented, even unstoppable boom, says Cosslett. In the West, baby boomer retirees will be heading for the airport, not the rocking chair. In the developing world, more than a billion people have been freed to travel. Chinese tourists alone will make 100 million trips annually over the next decade. The global village is here, and any company parked on its intersections is going to do fine. But in view of the coming tourism onslaught, Cosslett says, "it's a good time to see the Sistine...
...Europe), and will continue to do so far into the future. But many companies in many industries have hitched themselves to China's extraordinary growth, and have made bets on the future that assume steady, rapid and sustained growth there. Forget about the obvious beneficiaries of the China boom, such as producers of oil and commodities. China's growth is a huge boost to American companies like Procter & Gamble, Caterpillar Tractor and chip-maker Texas Instruments. The beneficiaries also include service companies ranging from law firms and investment banks to environmental consultants...
...years, many Saint-Gilles residents have been transfixed by a central issue: immigration. In the 1960s and '70s, Saint-Gilles's agricultural sector recruited armies of foreign workers until the growth boom went bust in the early 1980s. Jobs here and across France have been in short supply ever since. Nearly 20% of Saint-Gilles's residents are jobless, and practically all of those live on state assistance. Roughly 25% of the town's population of nearly 12,000 are immigrant or first-generation French citizens--virtually all of North African origin. Most live in the Sabatot housing projects uphill...