Word: booming
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Like what? YouTube and Facebook are obviously giant winners. They're platforms through which viral trends are passed. They used to say that the people who got rich in the gold rush were the people who sold the tools and the shovels. That was true of the first dotcom boom, and it's true...
...good news everywhere: home sales ticking up, slower job losses, the Dow turning positive for the year. But all that misses a looming reality. American consumers, whose overspending largely got us into this mess, are still under massive pressure, owing to the record debt they racked up during the boom years. People are unwinding those burdensome obligations - from mortgages to car loans to credit-card debt - as fast as they can, but the process is sure to take years, and until it is complete, the economy can't fully bounce back. "Even though we're probably past the worst...
...order police officers to open roads and the remove protesters from the pipeline. Garcia has been talking about making Peru an oil and gas superpower since taking office in 2006 and the protests were ruining that plan. The country is currently in the middle of a commodites-led boom, even as most of the rest of the world is in recession...
...shipping-industry insider notes that any evaluation of transport prices must include not only demand (how much cargo there is to be hauled), but also supply (the quantity of carrier capacity). The steady boom of world trade over the past decade prompted a major shipbuilding spree, with many vessels slated for completion in the coming months and years. "There are new and larger ships on order," notes the source. "I fear that overall rates will not be as responsive to the recovery as a whole." In other words, just as skyrocketing prices in raw-material transport don't guarantee...
...some people were still reporting—but the story was, in short, that after 135 years of graduating Crimson editors populating the ranks of young journalists, our class marked the end in another continuity. It is far safer, particularly these days, to predict a bust than a boom. Valleys all around without a peak to be seen...