Word: booms
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...Read about the boom in adult single mothers...
...demand - are likely to find huge opportunities for growth once the economy recovers. That's partly why there's so much riding on the Administration's plans to revamp GM - and why it had better happen fast. If U.S. automakers don't take advantage of the coming car boom, the rest of the world will. See pictures of Detroit's decline...
...Coming Car Boom Once the dust settles, the new GM, or whatever replaces it, is likely to see a marketplace of consumers finally ready to spend money on new cars. GM's executives aren't entirely off base in thinking that pent-up demand is building, because it is. "Assuming general economic recovery, in the developed markets we will see maybe 95% of what it had been," says John Paul MacDuffie, an associate professor of management and co-director of the International Motor Vehicle Program at the Wharton School of the University of Pennsylvania. U.S. auto and light-truck sales...
...World Bank announced yesterday that these remittances to developing countries would likely shrink this year by 8%, after rising 9% in 2008 and 16% in 2007. Nieves Miguelita M. Yabao, from Demaguete City in the Philippines, came to the gambling mecca of Macau during that city's recent construction boom. But when she arrived, she discovered the job she had been promised working at a casino lounge was no longer available. "I haven't been able to send money home," she says. "Home has been sending me money and [my family say] there's no food...
...downturn. Rents, which were at unbearable highs last summer, have now plummeted at least 25%, and property prices are down as much as 50% since August of last year. But while there is some respite from the dawn-to-dusk hammering and drilling that came with Dubai's construction boom, some $8 billion in projects have now been either scrapped or put on hold. The city's notoriously brutal traffic jams have eased somewhat in recent weeks since the reported exodus of thousands of expatriates, who make up more than 85% of Dubai's population. The departures, however, could also...