Word: booming
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...Then there are China's fragile banks, which could be hit by waves of defaulting loans as factories fold. Although Chinese banks during the current boom have been able to reduce their unusually high proportion of nonperforming loans carried on their books, declining corporate earnings will diminish borrowers' ability to repay their debts. While it's difficult to assess the overall exposure of banks to the manufacturing sector, it's easy to imagine lenders getting caught in a Chinese-style credit crisis if manufacturing contracts sharply...
...troubles began, as you've already heard a thousand times, with the boom earlier this decade in subprime mortgages, unconventional home loans sold to people with dodgy credit or with incomes that just weren't big enough to buy the house they wanted. In what you might call a virtuous circle--except that far more greed than virtue was at work--lower lending standards helped fuel an unprecedented rise in house prices, and those rising prices meant borrowers could refinance their way out of any trouble they had making payments...
Behind the CIA's insurance boom lurks a fear that the number of agency employees who become targets of legal action could multiply with a new President. Candidates Hillary Clinton and Barack Obama have unambiguously opposed torture, while John McCain, a prisoner in Hanoi during the Vietnam War, has sponsored legislation to ban interrogation methods like waterboarding. If Congress holds new hearings, anyone called to testify will need a lawyer. And with more detainees being released and claiming they were tortured, some CIA officers' need for legal counsel?and insurance to cover the cost?is sure to rise...
...while politely couched, not flattering. To her argument that she brought substantial wealth into the marriage, Bennett points out that she inflated the value of her property (a 500,000 pound apartment, for example, really costing only 385,000 pounds - and that in the middle of a real estate boom). Nor do the facts, as Bennett sees them, support Mills' version of the romance, in which she says she helped rehabilitate a broken and importunate McCartney, mourning his late wife Linda. (For example, the formality with which the ex-Beatle loaned Mills money, the judge wrote, belied a seamless emotional...
Just recently, this quiet, agricultural town of 200,000 was in a boom period. House prices shot up in the early 2000s, and Modesto became a bedroom community for the Bay area. But then the subprime mortgage crisis hit hard: in February alone, Stanislaus County had 1,630 foreclosure filings, third highest in the nation. The physical toll it is taking on this hub nestled amid the almond groves is staggering. Huge, dusty stretches of subdivision developments lay untouched or partially built as developers run out of money...