Word: booming
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Read about last year's pregnancy boom at Gloucester High...
...drag this time. Personal-consumption expenditures as measured by the Commerce Department's Bureau of Economic Analysis had grown to more than 70% of gross domestic product (GDP) in recent years, well above the 1950s-1990s average of 64%. This was an artifact of the consumer and mortgage credit boom of the 2000s, and economists ranging from Morgan Stanley's Stephen Roach to White House economic czar Larry Summers had been proclaiming for several years that the percentage had to come down. It has thus far stubbornly refused, with consumer spending hitting 70.7% of GDP - close to a record...
...Obsessed and the Zac Efron 17 Again filled out the top five. Less successful at reviving a dormant film form - the 1970s blaxploitation comedy - was the druggy Next Day Air, which took in just $4 million. It finished first only in the Cool Name for a Director category: Benny Boom. (Read about Star Trek's evolution through the decades...
Mesh office chairs first came into popularity in the '90s with the dotcom boom, desk lunches and Herman Miller's invention of the Aeron chair. The bubble burst not long after, but the adjustable, rolling chair remained a cubicle staple. Now Knoll plans to push the Aeron out of its comfy spot at the top of the seating chain with its latest innovation?the Generation. The home- and office-furnishings company spent more than three years collaborating with New Zealand--based Formway Design to produce this new ergonomic chair. With its durable rubber back and unique figure-eight design...
...post-1989 boom in central and eastern Europe - when new E.U. members enjoyed average GDP growth around 5.6% per year from 2000 to 2008 - has been punctured by the current economic downturn. Many of the new E.U. countries are on a downward spiral as credit dries up, demand collapses, currencies tumble and unemployment surges. Some of the E.U.'s older members are suggesting they may have opened the doors to the club prematurely: they grumble that the new members are dragging the E.U. down further into recession. And there are calls to pull up the drawbridge on other would...