Word: booming
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...MARC FABER Emerging-markets expert and publisher of the monthly investment newsletter The Gloom, Boom & Doom Report Thaksin has the support of the rural population, but the urban population in Bangkok is strongly opposed to him, especially the intellectuals. They argue that he is buying votes in the countryside, which is to some extent true. Voters in the countryside are shipped to rallies in buses and given free food. But this isn't something unique to Thailand or Thaksin by any means. It is the dark side of democracy. Many other politicians all over the world do the same thing...
...moment, though, even a place like Shanghai, hardly known for glacial temperatures, is cashing in on China's ski boom. The city is home to Asia's largest indoor ski dome, Yinqixing (Seven Silver Stars). With a slope that's just 380 m long, the $36 million facility isn't designed for serious ski bums. The steepest section of the hill is only 17 degrees, the snow feels more like Sno-Cone crystals than real powder and there are no lifts-just an escalator that takes skiers partway up the slope. Still, a Yinqixing spokesman says the facility has recorded...
BACK IN 1992, when the rest of the fashion flock was celebrating the late 1980s boom by buying yachts, or homes in Capri and Monte Carlo, Gianni Versace began restoring a rundown building on what was then considered the wrong side of the tracks of long-since-faded Miami Beach. Thus began the designer's love affair with the city's vibrant colors and Art Deco architecture. His spring collection that year was filled with boldly colored silk prints inspired by Miami?a look that would become the designer's trademark, covering everything from clothing to couches...
...boom continued to be widespread. According to data collected from mortgages involving Freddie Mac or Fannie Mae, which OFHEO oversees, all but one of the 275 major metropolitan areas the agency surveyed showed rising values from 2004 to 2005. The most notable gains were in the Phoenix-Mesa-Scottsdale area of Arizona, where home prices have already almost doubled in the last five years. Last year, prices rose again by nearly 40%. Arizona's hot housing market helped push it, and its neighboring Mountain states - Colorado, Idaho, New Mexico, Nevada, Montana and Utah - to the top of OFHEO's list...
...private care has grown rapidly since it became eligible for government subsidies in 1991. About two-thirds of Australia's long-day-care centers are now privately run - 660 of them by Brisbane-based ABC Learning Centres, the world's largest listed child-care provider. Not everyone welcomes the boom. Gordon Cleveland, a child-care economist at the University of Toronto, says Canadian observers are dismayed by Australia's "dependence on the corporate sector - it really frightens us." He argues that child-care providers whose chief aim is satisfying shareholders should not be receiving government help: "When you have subsidies...