Word: booming
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...deepening financial mess is another wake-up call, says Scher. It has rained down home foreclosures and other calamities on Florida, slapping the slack-jawed face of a youth cohort that until now had never experienced a downturn. During the extended Florida boom of the past two decades, says Scher, "young people here grew up thinking this state was always flush, always on the upswing. Now there's a sense that something is burning here." Moller says he's seeing more Florida college seniors moving toward the Democrats as a result. "I feel like my dad did when he graduated...
...under attack for the supposed greed that has taken place [Sept. 29]. A few CEOs made an ungodly amount of money but are just a small portion of those who work on Wall Street, most of whom are considered middle class. Those who got rich off the real estate boom haven't had to share any of the blame. So what if they made millions? So what if speculators were flipping houses without ever intending to move into them? So what if people took out numerous credit cards and bought homes they couldn't afford? I had nothing...
...financial-market blowout is already clear and present on the mainland. In what has been one of the world's prime economic engines for the past five years, growth is slowing fast. Look only at the price of steel - as useful an industrial proxy for China's economic boom as any. According to Mysteel, a Shanghai-based consulting firm, the price for products used primarily in construction have fallen to less than $590 per ton, down almost 20% in just four months, forcing some companies into the red in what had been a booming industry. Baosteel, one of China...
Moganshan Road calls itself the center of modern art in Shanghai. I arrived prepared to bear witness to the fruit of the Chinese art boom, the boom that The Asia Times calls an “artistic renaissance,” not unlike the “emergence of Western Modernism more than 100 years ago.” A tough act to follow indeed, especially if your country was closed off from the rest of the world for much of that time...
...decide to shrug off the demands of the international market in favor of more directional work, their art often meets the criticism from the government, often resulting in professional dismissal and bans on public displays of art. Nonetheless, Chinese artists today, due in great part to the art boom in their nation, are presented with incredible prospects. While the prices of art made by Chinese may fall, foreign interest in the Chinese art scene is unlikely to wane. If the work of Xu Bing makes one thing apparent, it is that the creation of Chinese art that sells, but lacks...