Word: booms
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...European growth, and has been powering forward ever since, dragging many of its neighbors with it. The German economy grew by 2.6% in the first three months of 2008, its best performance this decade, encouraging more optimistic assessments of Europe's underlying strength. Behind that showing is an export boom, as Germany's traditional industries such as machinery and machine tools benefit from a flood of orders from China, Russia, India and the Middle East. That in turn is driving investment at home, and has created tens of thousands of jobs. But the latest figures suggest the manufacturing boom...
Housing: End of the Boom, or Bust? Consumption has been so strong in the U.K., Ireland and Spain for the past few years in part because house prices have been soaring, making consumers feel a lot richer and enabling them to borrow against the rising value of their property. But gravity has finally caught up with the housing market in much of Europe, especially in those three countries. It's anybody's guess how far prices will fall, but the signs aren't encouraging...
Environmental protection isn't just a good-neighbor policy; it's an industry, and a new way for Japan to turn a profit from China's economic boom. Selling eco-friendly technology is potentially big business, and one in which Japanese firms still have a tremendous competitive advantage. Toshiba's Westinghouse unit, for example, (yes, once part of a famous U.S. company) is building four advanced nuclear reactors in China at about $3 billion to $4 billion each. Nippon Steel, Japan's largest steelmaker, introduced a type of eco-friendly coke-making technology called dry-quenching in China that...
...race was the brainchild of Henri Desgrange, a Parisian magazine editor who launched it in 1903 with 60 riders in a bid to boost circulation. It worked: Tour coverage helped Desgrange's magazine boom, and the race soon became more popular than he could have dreamed. With fans lining the roads to see riders up close, by the 1920s the Tour included more than 100 cyclists from throughout Europe. But as the competition grew fiercer and the race more commercialized, champagne and nicotine gave way to more effective--and insidious--performance boosters. In 1967, British rider Tom Simpson died midrace...
That number would be huge in boom times, but at a moment when most records languish on the racks like Depression apples, it's titanic. It also represents the victory of a business model every bit as counterintuitive as Radiohead's. Most musicians still carefully dole out an album's worth of songs every few years to keep from saturating the market. Vibe magazine counted 77 new Lil Wayne tracks in 2007. Besides coughing out guest verses for seemingly anyone who asked, he sometimes recorded three songs in a night and gave them away on the Internet minutes later...