Word: booms
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...Jean-Claude Trichet, president of the European central bank, the body that sets monetary policy for the entire euro zone. Economists say the bank's 2% benchmark interest rate is far too low for the strongest economies, providing them with plentiful cheap money and helping fuel both a credit boom and, especially in Spain, a potential housing bubble...
...expected to be about 5.5% this year, more than triple the euro-zone average. Many Russians are still poor and live in wretched conditions, but on the whole, household income is up, and especially in big cities like Moscow and St. Petersburg, people are ready to splurge. The spending boom is creating a merger wave in sectors as varied as banking, brewing and confectionery. Alongside the Dixons deal, the huge Belgian beer company InBev is finalizing the last pieces of a $730 million acquisition of Russian beer giant Sun Interbrew, and Coca-Cola recently agreed to buy Multon, Russia...
...under the tutelage of Sam Walton. Today he is the missionary from Bentonville, Ark., bringing the Wal-Mart way to China. "I was blessed to work for Sam Walton," he says, "and I am doubly blessed to work in China." Walking through a brightly lighted store in Shenzhen, the boom town across the border from Hong Kong, Hatfield, who heads Wal-Mart's retail operations in China, can't disguise his delight over the--what else?--"everyday low prices!" He zips over to an electronic keyboard selling for $20. "It was three times more a few years ago!" he exclaims...
...Indeed, some coastal towns have been whaling for centuries. Yet few Japanese ate whale prior to the lean postwar years, before General Douglas MacArthur encouraged it as a cheap, abundant source of protein. Japan took to it with gusto, and that meant boom times for fishing ports like Ayukawa, where boats brought back as many as 600 whales a year. "In so many ways?food, culture, tourism?everything was based on whaling," says 67-year-old Yusa, whose family has been in whaling for two generations. That prosperity died when commercial whaling was banned by the IWC in 1986. Japan...
...same flaws been found in someone not as highly regarded or placed, their university employer might well have lowered the boom on them,” Hoffer writes...