Word: boom
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...sourced broadside against the conventional wisdom on Wall Street and in the White House. "Unless Congress breaks up the megabanks that are 'too big to fail,' " he declared to an empty chamber, "the American taxpayer will remain the ultimate guarantor in an almost-certain-to-repeat-itself cycle of boom, bust and bailout." (See the top 10 unfortunate political one-liners...
PIMCO is headed by Mohammed El-Arian, a former director of HMC, whose short-lived tenure managing Harvard’s endowment saw stellar returns during the boom years...
...Diego and Imperial counties alone, bankruptcy filings have increased 379%, spiking from 4,210 in 2006, the peak of the housing boom, to 20,193 in 2009. Nationally, more than 1.4 million business and consumer bankruptcy petitions were filed in 2009, up 32% from the 2008 figure, and Samuel J. Gerdano, executive director of the American Bankruptcy Institute, says the number of consumer filings (Chapter 7 and 13) in 2010 will likely surpass those in 2009. If the just-released March numbers are any indication, Gerdano is probably right...
...manufacturing base, the world's top rice exporter and one of the most inviting vacation destinations on the planet. Yet even though per capita annual incomes reached nearly $4,000 in 2009, many Thais are still stuck in rice paddies or fish canneries wondering how the nation's economic boom bypassed them. Thailand now has one of the worst income disparities in the region. The 100,000-plus red shirts who have descended on Bangkok are testament to discontent that has simmered for years only to now bubble up with explosive force...
...baby-boom mother of two millennials, I got a chuckle from Nancy Gibbs' Essay [March 22]. The fact that younger people are more optimistic doesn't come without a price. My husband and I pay for college expenses and cell phones and have sent the girls on trips I dreamed of as a child. And one of my daughters lives at home. If I'd had that growing up, I would be optimistic...