Word: booming
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...Chinese have jobs they otherwise wouldn't. But, as Grant's Interest Rate Observer, an influential Wall Street newsletter, points out in its latest issue, "Massive injections of money and credit ... are always bullish before they are bearish." The newsletter draws worrying parallels between China's current credit boom and the gush of lending that produced the U.S. housing bubble, the collapse of which devastated the financial sector and triggered the global credit crisis and current recession...
...argues, means that the 21st century will be one of "contested modernities." Until around 1970, he says, modernity was, with the exception of Japan, "an exclusively Western phenomenon." But as China assumes a bigger role in global economics and politics, that is changing. (See pictures of China's infrastructure boom...
...benefits or something far simpler: regularly moving during our waking hours. We all need to move more - the Centers for Disease Control and Prevention says our leisure-time physical activity (including things like golfing, gardening and walking) has decreased since the late 1980s, right around the time the gym boom really exploded. But do we need to stress our bodies...
Highlight Reel: 1. On possible explanations for the pharmacological boom: "Several factors may have contributed to the increased use of antidepressant medications. Perhaps most important, major depression may have become more common ... [several antidepressants] were approved by the U.S. Food and Drug Administration to treat depressive and anxiety disorders ... [and] improving public attitudes toward seeking mental health in general, increasing rates of treatment in individuals with major depression, and growing public acceptance of a biological cause of depression may also have contributed to increasing antidepressant use." (Read "Why Antidepressants Don't Live Up to the Hype...
...Nuclear World On paper, at least, Areva is perfectly positioned for the nascent boom. In addition to the 47 new plants under construction worldwide, there are 133 planned for the next decade. Industry analysts predict a further 200 new reactors between now and 2050. At around $7 billion a pop, the payday for the biggest players - Areva, Russia's Rosatom, Toshiba-owned Westinghouse, Mitsubishi Nuclear Energy Systems and a joint venture between General Electric and Hitachi - promises to be huge as countries around the world turn to alternatives to coal and oil to meet rising demand for clean electricity...