Word: booms
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...President can tap into changes in the culture and encourage them. When Obama rejected, in his Inaugural speech, the "stale political arguments that have consumed us for so long," he was rejecting an attitude--of baby-boom cultural warfare, of cable shouting matches, of all-or-nothing showdowns--and betting that his audience was tired of them...
During this exam period, there has been “a really big boom of people creating accounts” on the BSA Web site, Anoke said. This January alone, more than 200 new usernames were created...
...another new Democratic President aims to kick-start the economy, Oberstar finds himself in a unique position to help shape another unprecedented national infrastructure boom. The top Democrat on the House Transportation Committee, where he has represented Minnesota for 34 years, Oberstar says not only is the system primed for such an infusion but he believes the roughly $65 billion in infrastructure stimulus requested by President-elect Barack Obama will create at least a million jobs by June. (Read "How to Spend a Trillion Dollars...
...resuscitate flatlined economies - and he wasn't too particular about where the money was thrown. In the depths of the Depression, he suggested that the Treasury could "fill old bottles with banknotes, bury them at suitable depths in disused coal mines" then sit back and watch a money-mining boom create jobs and prosperity. "It would, indeed, be more sensible to build houses and the like," he wrote, but "the above would be better than nothing...
Those days in Tokyo underpin Geithner's current worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis...