Word: boom
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Joel Osteen made it big in the boom times, wooing millions with the message that, as he says, "God wants you to have a big life" - or, as his critics put it, God wants you to be rich. When the financial crisis hit, some analysts blamed preachers of the so-called Prosperity Gospel for helping bring it on - and predicted that their churches' popularity would tank along with parishioners' portfolios. But Osteen, at least, is going strong: donations at Lakewood Church in Houston, where he is senior pastor, are steady. Attendance is up 10%. He preached to a sold...
...many as 2,000 - but the quality of the attractions is uneven. Earlier this year, a sex-themed park in the central Chinese city of Chongqing called Love Land was torn down before it could open to the public. Shanghai, however, could be on the verge of a tourism boom. The city will host the World Expo starting...
...China's top-earning authors, he is widely seen as a torchbearer for the generation born after the beginning of the country's opening to the outside world, a group the Chinese call the "post-'80s generation": apolitical, money- and status-obsessed children of the country's explosive economic boom. Even China's most notorious anti-Establishment figure, 52-year-old artist and activist Ai Weiwei, called Han "brave, clear-minded, dynamic and humorous" and predicted that he would be the "gravedigger" for the older generation of writers and artists. (See the top 100 novels of all time...
During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking. In 1991, CEOs earned 140 times the average worker's pay. A 1993 attempt to cap compensation merely shifted more pay into options. By 2007 the median S&P 500 CEO earned in three hours what a minimum-wage worker pulled down in a year. And Great Recession...
...help the community emerge from the doldrums. If anything, this situation reinforces the folly of long-time demands by advocates such as Senator Charles E. Grassley, who until the crisis demanded higher spending from Harvard’s endowment. For many, Harvard was being too conservative even in the boom years; now it is more fashionable to criticize the university for its profligacy. The Allston project, with its new science complex, for example, was hailed as visionary—until the financial crisis put it on hold. Even the Boston Globe editorial admits the complex “will transform...