Word: boom
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...done his bit for the parsers in New York, Greenspan spent the rest of his remarks summarizing for Washington the economic story of the past several years - making sure to mention what difficult ones they were to be in charge of U.S. monetary policy. He took lawmakers through the boom and the bust that followed so closely behind, from the inventory imbalances to the layoffs to the housing market to the high-tech bubble. He even lingered a moment to explain - again - why that last 50-point rate hike in May 2000 was a good idea at the time...
...their land, the crews who drill a well in three days, the landmen who track down mineral rights in hundred-year-old ledgers in county clerks' offices and the lawyers, contractors and equipment suppliers in Gillette, Wyo., who will be making a killing for as long as the boom lasts. Environmentalists worry about damage to the land from the drilling, but everyone agrees that burning natural gas generates far fewer pollutants than oil or coal. "This is a very exciting play," says Terry Dobkins, a vice president of Pennaco Energy, one of the most active gas companies in the area...
...coal-bed-methane boom took off so quickly and has generated so much money--in the region of $900 million in the past two years--that the state of Wyoming has imposed few regulations on the drillers. Most land-use agreements are made between gas companies and individual ranchers, and the companies offer immediate payment to pressure the ranchers to do deals without delay. "One well ain't worth much--you need a lot of wells, and the drillers move quickly," says Vernon Johnson, an oil and gas veteran who runs an energy-services partnership in Gillette. "Some...
...series with complex, ongoing story lines that let characters evolve over the years have provided much of the best TV since at least Hill Street Blues. Only recently, thanks to the growth of niche cable channels, has there been room for shows like thirtysomething (Bravo), the talky, baby boom-relationship drama, or Roc (TV Land), the gritty comedy about urban African Americans. A&E and Bravo offer a virtual graduate seminar in quirky drama, from Twin Peaks to L.A. Law to Northern Exposure...
...Thailand, insects used to be popular only in the poor north and northeast provinces. But as farmers and laborers migrated to the cities during the economic boom of the late '80s and early '90s, they brought their yearning for six- and eight-legged creatures with them. Bangkok natives were reintroduced to the wonders of savory creepy-crawlies and liked what they tasted. As soon as Kiam Poopaduang parks his pushcart full of insects outside the city's Nana red-light district each night?its sign reads "Amazing Thai Food"?motorcycle taxi drivers and bar girls start to swarm. Four years...