Word: booms
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...Dubai's biggest risk is its reliance on debt to drive its breathtaking building boom. Moody's has estimated that Dubai's government and public-sector company debt was at least $47 billion, a staggering 103% of the emirate's 2006 GDP. The rating agency said it expected debt to outpace GDP for an additional five years, making Dubai very exposed to financial and geopolitical risks...
...were one of the first to call the commodities boom. Now that prices have fallen, has your bullishness changed...
...judgment and the skill set which can carry our country through what is the worst international financial crisis for more than 70 years," she said in a televised debate with Key on Oct. 14. But many New Zealanders are buying National's line that the Clark government squandered the boom times by granting only a single round of tax cuts in nine years. Consequently, New Zealand's best and brightest are fleeing the country in droves (1 in 4 of its university graduates lives overseas) for places like Australia, where wages are one-third higher...
...forget the wars in Iraq and Afghanistan or the rise of China, the bluster of boom-and-bust Russia, the murky threat of Iran and the accelerating decay of Pakistan. Between the economic crisis at home and the geopolitical cauldron abroad, the new President's agenda will be largely predetermined. He might wish he could shrug off this dismal inheritance and devote himself to the shiny projects cataloged on his campaign website - but that's beyond his power...
...hassle. “IceScapes is fairly informal,” said Ron, the avuncular owner who bore an uncanny resemblance to a life-sized teddy bear, “We let you play whatever music you like.” As he said this, Ron gestured to a boom box by the freezers and noted that he was a Jurassic 5 fan; as I surveyed the large central room I even recognized some friends from high school among the four or five employees—in fact, nearly everyone who worked there was 16 or under. By the time...