Word: booming
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...pulse of India beats fastest in megacities like Bombay. But to understand how quickly the economic boom is creating a new country, you have to visit places that few foreigners have heard of--places like Mangalore. Back in 1991, when I left, about 300,000 people lived there. Since then its population has doubled. But that doesn't begin to describe its transformation. A decade of rapid growth has produced shopping centers and high-rise apartments--and most of the construction has taken place in the past five years. Old houses have been uprooted, replaced by bars and restaurants...
...colleges, predictably, focus on computer education. They tempt young recruits with the prospect of rewards that would have been inconceivable before the outsourcing boom. A few outsourcing companies, including tech giant Infosys, have opened shop in town. A flood of new money has arrived, thanks to outsourcing jobs, surging real estate prices and expatriate remittances. As a result, many locals have become middle-class, upper-middle-class or even rich. One ad for "premium luxury apartments" promises, IF YOU'RE IN LIMELIGHT, THIS SUITS YOU THE BEST. AND IF YOU'RE NOT, THIS PUTS YOU IN LIMELIGHT...
...center of town, I watched kids playing cricket. Among the spectators was a group of drifters and homeless men, some carrying rolled-up mattresses. Most Mangaloreans I spoke with shrugged off the arrival of so many poor people and said they were itinerant immigrant workers, drawn by the construction boom. Nobody, it seemed, was ready to acknowledge that the city might have a permanent underclass that the boom had left behind...
...because she misses the creep but because she and her lesbian lover need his child-support checks. The case leads March, a former sheriff's investigator with a dead wife and a shadowy past, into a snake pit of betrayal and double dealing--the paranoid underside of the dotcom boom. Spiegelman worked in financial services and software for more than 20 years before taking up fiction. He knows how thin the air is in New York City's office towers and what breathing too much of it does to your soul...
...Spain's phenomenal building spree is not merely froth. It is grounded in a number of demographic realities: Spain had its baby boom relatively late, from 1965 to 1975, says José Antonio Herce, chief economist of Grupo Analistas, a private consulting firm in Madrid. He attributes the flourishing real estate market in recent years in large part to that population joining the housing market. "We also discovered divorce, which has contributed to a big jump in the number of households," says Herce. "And we've seen the arrival in the last five years alone of some...