Word: booming
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...Bush Administration touts a booming economy, but the measures officials like to talk about--GDP growth, rising productivity, job creation--are increasingly out of synch with what Americans are experiencing in their daily lives. For most people, wages are down because of inflation. Their "compensation" may be up because their employer pays more for their health care, but they can't buy milk with an insurance card. Even Fed Chairman Ben Bernanke has called it "puzzling" that the boom hasn't shown up in people's paychecks, saying later that the evidence "is not very overwhelming" that wages will rise...
...guarantee that the supposedly unbroken line of male succession to the throne will continue for at least another generation. But though the country is busy celebrating the royal arrival - newspapers passed out extra editions on the streets of Tokyo and economists predicted the birth would spark a mini-baby boom worth over $1 billion - the desperate need for a prince shows how far women still have to go, even in modern Japan...
...lived through a decent cycle of asset-market turbulence (even though gross domestic product has been expanding for 15 years). Says one government adviser: "House prices are the key to how Australian voters feel about their wealth. Full stop." Among existing homeowners, only those who bought late in the boom in Sydney or Melbourne are unhappy, more likely with themselves than with the government?though, having campaigned to keep interest rates low, the Howard government has watched the Reserve Bank raise official interest rates three times since the October 2004 election...
Eathorne's situation is a dark side of an oil boom that has otherwise re-energized the state's economy. Last year, as energy companies swarmed the state, Wyoming produced nearly double the natural gas it did 10 years ago. Even its production of oil, which had been ebbing, is expected to rise this year. More rigs are operating in Wyoming today than at any other time in the past 20 years, and revenue from mineral royalties and taxes topped $1.6 billion in 2005, pumping state budgets with cash. In Casper, the state's energy-industry hub, a 36-hole...
Those who run Wyoming tread a fine line, reveling in the boom's economic boost to the state but mindful of the growing unrest among residents. State politicians helped landowners win a key battle last year when they passed a law that in essence stripped mineral-rights owners of their historically dominant status. Before the law, nothing forbade energy companies to drill and produce on land without so much as notifying or paying damages to its surface owner. But even that measure of protection is at risk in a political scuffle between Wyoming and federal authorities. In a letter...