Word: boomingly
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...towers of Dubai have been hardest hit. The large foreign banks that had been financing Dubai's real estate boom have pulled out, leaving behind a significant burden on local banks, who have turned to the U.A.E. government for help shoring up their liquidity. To date, approximately $15 billion of federal money has been pumped into local banks. Company buyouts financed by Abu Dhabi - the capital of the U.A.E. and the only emirate with petroleum wealth - are believed to be forthcoming, though no officials will discuss details. "Any bailout from Abu Dhabi will come very privately," says Christopher Davidson, author...
...pets than ever before. Why is that? In the last 30 to 40 years, two-career couples have become the norm. People are marrying later and divorcing more frequently. They work longer hours than they ever had before and they have longer commutes. The number of pets started to boom right around the same time that these trends began to take off. This suggests that people are leaning on pets to fill the gap in social support mechanisms that earlier might have come from their families or tight-knit neighborhoods. This is why single people or childless couples might want...
Before the Internet boom, elaborate mysteries like Heroes and Lost were rare and short-lived (think Twin Peaks). The reason: they ask a lot of you. You have to be attentive to tiny details. If you miss an episode, you're off the train. Now when fans can rewind and rewatch and discuss endlessly in blogs and chat rooms, these shows can be more challenging, sprawling and complex. And Internet buzz is crucial to their success. The Web taketh from Heroes, no question, but it also giveth considerably...
...form of legalized betting. It's as if we decided that Mardi Gras and Christmas are so much fun, we ought to make them a year-round way of life. And we started living large literally as well as figuratively. From the beginning to the end of the long boom, the size of the average new house increased by about half. Meanwhile, the average American gained about a pound a year, so that an adult of a given age is now at least 20 lb. heavier than someone the same age back then. In the late '70s, 15% of Americans...
...ecology of business and employment at the high end has already been transformed by the Wall Street crash. The end of the boom in the financial industry means that careers manipulating money will no longer be so seductive to such a disproportionate share of our best and brightest. Among the 2007 graduates of Harvard College who went straight to work, half the kids heading to banks and consultancies said that if money weren't an issue, they'd be embarking on different career paths, and the 20% of the class that went to work in public service, politics, the arts...