Word: boom
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...boom is fueled in large part by new, less costly "quick fix" techniques that don't involve major surgery: botox injections that temporarily eradicate facial lines, derma-fills that smooth out wrinkles and scars and build up lips and cheeks, and laser beams that zap away lines. Liposuction, the process of vacuuming fat from the body, is gaining in popularity thanks to advances in keyhole surgery and other less intrusive techniques...
...architects south. Silicon Valley may be powerless and profitless, but Houston, the nation's energy capital and home to the oil-baron excesses of the 1980s, is back in "bidness." The energy giants in Texas have big fat wallets these days--and even bigger construction plans. Not since the boom days of 1982, when trophy architects like Philip Johnson and I.M. Pei reconfigured the skyline, has Houston seen so much construction activity by the energy sector...
...turnaround sure feels good after the city lost more than 15,000 energy-sector jobs two years ago, says Barton Smith, director of the Institute for Regional Forecasting at the University of Houston. It has gained those jobs back, plus some. Says Smith: "The current boom is what's keeping Houston afloat while the rest of the country is suffering...
None of this matters to real Houston lovers, of course. They're just interested in bragging rights. After a bad decade, they're beginning to sound like the biggest and the best in Texas again. "Boomlet?" says Laura Schwartz, spokeswoman at Enron. "It's more than a mini-boom. It's a boom...
...devaluation and not screaming about the impact on U.S. trade, Washington can help persuade other countries in the region to keep their currencies strong. It may be a tough sell in a recession-wary U.S., but it would be invaluable to Tokyo. If Takenaka has his way, a healthy boom could follow...