Word: boom
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...said, blacks in America have a lower life expectancy due to the lack of medical insurance and other inner city institutions, which the current economic boom has not fixed...
...more to the list of myths exploded by the record U.S. boom. Remember when any unemployment rate lower than 6%, or any rise in national output of more than 2.5%, was supposed to light a bonfire of inflation? Come on, it wasn't that long ago--those beliefs died even harder than the '80s idea that the U.S. was becoming a corporate colony of Japan. And as late as the end of 1998, some economists feared that a ballooning U.S. trade deficit and the launch of a rival international currency, the euro, would send the American dollar into a headlong...
Even where things are great, they're not so good. The Netherlands in many respects is Europe's model economy, with an official unemployment rate of 4%--the lowest in the E.U. except for tiny Luxembourg, at 2.8%. Its boom helped the country cut joblessness more than 50% since the early 1990s. "We're working at capacity," says Joop Hartog, professor of economics at the University of Amsterdam. "We should be happy with that." An active labor policy bolsters the boom by offering tax credits for low earners, more child-care and after-school facilities to ease women's path...
Then came the Silicon Valley boom, which shows no sign of letting up. As a result of all these circumstances, the Indian diaspora in the U.S. tends to be the intellectual and commercial elite. According to the Center for Immigration Studies, only 3% of Indian arrivals lack a high school education, and 75% of working Indians are college graduates. (For immigrants from China, the figure is 55%.) Says Rajini Srikanth, a professor of Asian-American studies at the University of Massachusetts: "What we got were people who already came blessed with all kinds of valuable baggage." In many cases...
...passes out of double-teams, spin moves around opposing centers that leave them rooted like 1,000-year-old sequoias. He has finesse, but he relies on power. You can feel the beat when he plays, explosions of mass and muscularity that fill up the court like blasts of boom-box rap. Short, curt hooks. BAM! Power-jams in the paint. BOOM! Or, as in Game 7 of the Portland series, a spectacular fourth-quarter alley-oop from Bryant that O'Neal pulled from the rafters of the Staples Center. Shaq came down harder than thunder, harder than...