Word: boomingly
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...roughly 300 million adults in China under age 30, a demographic cohort that serves as a bridge between the closed, xenophobic China of the Mao years and the globalized economic powerhouse that it is becoming. Young Chinese are the drivers and chief beneficiaries of the country's current boom: according to a recent survey by Credit Suisse, the incomes of 20- to 29-year-olds grew 34% in the past three years, by far the biggest of any age group. And because of their self-interested, apolitical pragmatism, they could turn out to be the salvation of the ruling Communist...
...volume of M&A deals in the U.S. alone surged to $1.49 trillion in 2006--a level not seen since the tech boom in the late 1990s, when annual activity topped the $1.5 trillion mark just prior to the dotcom crash, according to market-research group Dealogic. And it's only halftime. Through early July, M&A volume totaled $1.17 trillion, up from $761.5 billion during the same period a year ago, the first time that M&A volume has topped the $1 trillion mark in the first six months of a year. Private equity accounted for about...
...much longer can the boom last? "I do think the market has gotten away from itself," said Roberts. "It's inevitable it will slow down, and there will be some reversals." Banks and law firms have been quietly beefing up their distressed-trading desks over the past six months. The end is near, but it could be profitable...
...Fighting Championship, an all-female mixed-martial arts (MMA) event, almost anything goes in the cage. Sofie Bagherdai, otherwise a sweet, petite teenager from Southern California, has her opponent, Stephanie Palmer, pinned to the floor. Now she's ready to work--whack, a shot to the noggin. Bam! Pow! Boom! Half a dozen more. Palmer cowers in the fetal position, and the ref stops the fight. The medics cart Palmer out on a stretcher. (She escapes with a fractured foot, suffered earlier in the bout--which seems minor, considering the beating she took.) "I like to be friendly...
...Despite signs suggesting a cooling off, there are good reasons not to fear a housing market crash. By the time house prices tanked in the early 1990s on the back of a boom in previous years, interest rates had hit an eye-watering 15%, analysts at Bank of America point out in a recent note. That's a long way off today's level. And unemployment neared 10% in 1991, triggering record numbers of home repossessions. With today's jobless rate at 5.4%, comfortably below the level in Europe's other major economies, the labor market offers a good deal...