Word: boom
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...first five months of the year. Among the new arrivals: factories for DaimlerChrysler, BMW and the U.S. electronics giant Motorola. Still, Berlin will have to do a lot better if it is to make a dent in its stubborn unemployment figures. And Stefan Kr?tke, author of Berlin: Metropolis Between Boom and Crisis, is worried that the cuts in the city budget will impact the sectors in which Berlin is strong. "The financial consolidation is now threatening the few islands of economic growth," Kr?tke says. "They are making severe cuts in schools and medical research centers, which give strong support...
...paying unemployment benefits to 10% of the population and welfare payments to another 8%. More recently, Berlin erred by extensively subsidizing the construction of office buildings and apartments. Politicians predicted the city would become a hub for German business when the government moved from Bonn in 1999, but the boom never materialized. The result: more than 1 million sq m of office space now sits empty and many of the 210,000 new subsidized apartments are unrented. Yet new buildings are still going up. One of the hardest hit areas is the public school system. Over 2,000 teachers retire...
...stock market in 1994 by joining an investment club. Over the last two years Lake has shoveled about €2,830 - or around j118 monthly - into equities. Yes, the holdings - including those of his clubs - are worth far less than their peak of €364,000 during the tech boom. "Maybe we were a little bit unwise not to sell up and put it into bonds," he sighs. But he's staying put. Diversify your investments Financial advisers say Lake's approach is just right. His regular payments - which allow him to buy fewer shares when prices are high...
Several masters note the existence of unfortunate pressure for seniors to enter a small set of high-flying jobs during the boom of the 1990s...
...they begin to tell the hot tub story, the voices boom into laughter. “Oh, that’s classic,” one shouts...