Word: boom
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...finally beginning to rebuild their lives. As the 20-month cease-fire between the government and the rebel Liberation Tigers of Tamil Eelam (LTTE) brings Sri Lanka its first real respite from a 20-year civil war, the island nation of 19 million people is enjoying its biggest economic boom in decades. Foreign tourists are rediscovering Sri Lanka's fabled beaches, local consumers are on a spending binge and corporate profits are surging. The economy is expected to grow by 5.5% this year. Land prices are rising, and the stock market is up 73% since January. "This...
...TIME: Can Sri Lanka regain the economic ground it lost because of the war? Wickremesinghe: There's no question that the conflict has cost us. We missed the IT boom, but we can get into the IT-enabling services market, especially in the financial sector. There are also niche markets in hardware and software we can enter...
...Bush Boomlet ? Slate's lead story Thursday: "Dan Gross on Bush's Bogus Boom...
Since that time we have seen what may be the biggest urban real estate boom in American history, rents in places like Boston and Cambridge skyrocketing out of control as the white-flight trends of the 1970s and ’80s have reversed themselves and cities have become awash in college students, young professionals and wealthy middle-aged people looking for a shorter commute. With no more rent control, the Bay State has become the most expensive state in the country for renters...
...meeting maintenance costs. Therefore, only those people wealthy enough to own large properties will have to take a cut in their enormous profits. It doesn’t take an economist to realize what an absurdly large amount of money real estate moguls have made off of the housing boom and see that they are shaking in their boots at the thought of a pay cut, even to the point of bringing in lawyers who unsuccessfully tried to keep the measure off the ballot...