Word: boom
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...business, "something came over me," says Perez-Carillo. He persuaded his father to decline the offer and turn the business over to him. Ernesto Sr. died in 1980. El Credito's focus on premium lines paid off in the early '90s, gaining the company notice during the cigar boom. An article in Cigar Aficionado magazine sparked a flood of orders, causing a six-month backlog. Bill Cosby, Sharon Stone and Arnold Schwarzenegger became loyal clients, says Perez-Carillo...
...Gorbachev's reformist leadership to reduce tensions and negotiate new arms control agreements. When the Soviet empire began to crumble within a year of his leaving office, President Reagan's supporters credited him with having forced the collapse by piling on the military pressure. They also proclaim the economic boom of the 1990s the legacy of the Reagan tax cuts...
...pleasure dome, offers Asia its first taste of Las Vegas glitz, and the casino will soon be followed by others like it. In 2002 the local government ended a 40-year monopoly on the gambling business, permitting two of Vegas' biggest gaming magnates to open up shop. The economic boom that has ensued is loud even by Chinese standards. While nearby Hong Kong's economy, with a total population 15 times the size of Macau's 450,000, grew just 3.3% during a SARS-marred 2003, Macau's gross domestic product exploded by 15.6%. Meanwhile, more than $3 billion...
...Make no mistake, a China slowdown is approaching. Fueled by the excesses of bank lending, the mainland's runaway investment boom threatens balance and stability, and for many months authorities have been moving to bring the overheated economy under control. The objective of China's policymakers is to temper excesses by cooling the credit cycle. In recent weeks, Beijing has announced a number of administrative actions aimed at curtailing excess lending and rapid price increases at the provincial and local levels. I am convinced those actions will work and that China will experience a soft landing...
...Building on Diversity I was recently quoted in your story "Soaring Ambitions" [May 3] and felt it necessary to clarify the context of my remark about the current architectural boom in China. Emerging cultures like China often look to foreign firms to provide expertise and vision, and to lend weight to their bid for global presence. As such, they are very open to new ideas. The important point to emphasize is that plenty of these foreign firms are building remarkably innovative and responsible buildings, as Skidmore, Owings & Merrill has done for many decades, and that this represents an extraordinary opportunity...