Word: booms
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...boom in risky mortgage lending was driven instead by firms beyond the reach of the feds. Some of these state-regulated mortgage lenders belong to the same corporate families as banks, but they weren't subject to visits from the same finger-wagging federal bank examiners. As a result, the subprime lenders made all manner of dodgy loans, and that could go on only for so long...
...relatively commonplace property offered by High Society is a $1.4 million, five-bedroom, 7,469-sq.ft. villa in the Dubai Sports City complex. That's if he can get one at any price, because the delivery date for many luxury dwellings is a year or two away. "Things are booming and the boom will continue," says Boutros Boutros, an executive at Dubai's flagship corporation, Emirates Airlines. "No matter how fast we run, Dubai stays ahead...
...Antarctic travel boom is due, in part, to improved technology that makes the region less remote. On race day, event sponsor Capella University, an online college based in Minnesota, beams back live video footage via satellite. But another reason is less tangible. There is, it seems, a growing romance with the untouched continent, the site of many - if not most - of the world's last truly pristine landscapes. International treaties preserve Antarctica for scientific research and tourism. And, unlike the Arctic, the Antarctic has yet to see many drastic effects of climate change. Visitors can still see cliffs...
...gain is the result of a postrecession recovery in corporate profits, plus the expiration of some Bush tax breaks--plus, speculates University of Michigan economist Joel Slemrod, a decrease in corporate tax avoidance in the wake of the scandals of 2002. It's widely assumed that this corporate tax boom will soon tail...
...income tax windfall from increasingly unequal income distribution, though, could be with us for a while. The President can even take part of the credit for it: lower tax rates on the highest earners give them less incentive to shelter income from taxes. But a similar high-income tax boom happened in the late 1990s, so Bush can't take too much credit. He might not want to: the shift in incomes toward the top may be great for the federal budget. Whether it's a good thing for the U.S. beyond that is an entirely different question...