Word: boomings
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Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua...
...businesses are working on rail-thin margins, and even small reductions in revenues could result in the loss of hours or an entire job for someone else - an American worker. It's a reminder that in St. Helens as elsewhere, undocumented workers, whose numbers grew wildly during the boom years, were an integral part of the growing economy. (See pictures of Mexico's drug wars...
Over drinks at El Tapatio, a half-empty restaurant near the highway, Margarito, his wife and uncle talked about the financial crisis - how Wall Street had binged on mortgages while Washington looked the other way. The parallels to immigration were pointed: during the boom years, the U.S. binged on cheap labor while politicians neither legalized workers nor prevented them from sneaking across the border. It was a grossly laissez-faire policy that has left everyone - Americans and immigrants alike - with a postboom hangover...
...Read "Behind the Boom in Adult Single Motherhood...
...paying a tuk-tuk driver $30 (probably too much) for a 6-hr. tour of town. If you like animals, ask someone to take you to the Buddhist monastery, where the legions of wild monkeys will eat out of your hand. And definitely set aside an hour to visit Boom Boom Room (Serendipity Beach Road; +855-12-219-657), where you can load up your iPod or MP3 player with supercheap music...