Word: boom
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...financial matriarch has carefully tracked recessions, studied boom-and-bust trends and spent her life - all 93 years - mastering the intricacies of the monetary system and banking world. She's worked as an economist with the National Bureau of Economic Research since 1941 and now serves as an adjunct professor at the Graduate Center of the City University of New York. She recently spoke with TIME contributing editor Janet Morrissey. (See pictures of the stock-market crash...
...Lowdown: Despite its modest good news, this report offers little cause for celebration. Traffic problems in the country have worsened dramatically over the years, and solutions like greater investment in mass transit may not be effective in the long term for our population boom. What's more, the study's authors say, history shows that after a recession, traffic growth often comes roaring back. In other words, they write, "Anyone who thinks the congestion problem has gone away should check the past...
...eyes," says Yuri Lutsenko, Ukraine's interior minister, who worries about the trend. Police experts forecast that Ukraine's sex industry will more than double its revenues this year, generating $1.5 billion. But Anna Hutsol, head of Kiev-based women's rights group FEMEN, is worried that the prostitution boom and Ukraine's deepening unemployment will increase the exploitation of vulnerable women. "There are girls without jobs and foreigners with money who want prostitutes," she says...
...1930s, Social Security numbers were assigned for income-tracking purposes and determined according to an individual's date and place of birth. Back then, identity theft - not to mention modern technology like the personal computer - were "unthinkable." But the technological boom of recent decades, coupled with the SSN's popularity as an authentication device, has enabled an "architecture of vulnerability" that exposes millions of Americans to fraud and exploitation, the report argues...
...contaminated area in his heavy haz-mat suit, looking like an astronaut on Mars, complete with an R2D2-like robot on wheels. He disables the IED, and as he walks away, his comrades spot a man about to use a cell phone. The spaceman turns and runs. Too late: BOOM! The bomb explodes and so does he. Blood seeps down his helmet visor like red rain on the wrong side of a car windshield...