Word: busting
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...Economic reality, in other words, is settling in across the nation. Every tumultuous period of financial boom and bust comes to be defined by a word or catchphrase. Tulipmania. The Great Depression. The dotcom bubble. The word that could define the financial times we are now living through - and the economic pain that has begun - is leverage...
...number of bankruptcies to continue rising next year as well. S&P says its watch list used to be filled mostly with homebuilders or mortgage companies. But the latest additions are coming from industries such as retailing and media that are generally far removed from the mortgage and housing bust...
...International University campus. Crist was on hand, telling the crowd that "this is giddyap time" and insisting McCain "is a guy who knows how to close a fight strong! Never count out John McCain!" More important, McCain himself set aside the ideological invective and zoomed in on Florida's bust. "Obama's associations with terrorists are important," says Longobarde, the antiques dealer, "but McCain needs to be talking about the economy and our housing collapse." She was gratified when McCain dived into his plan for buying up bad mortgages and "saving Florida homes and familes," as he declared. The question...
...sure, nobody's calling it a bust - not yet anyway. Midsized builders like Ahmed are still open for business. And a record 70,000 visitors attended Dubai's annual Cityscape property show this month, where mega-projects worth a total of some $180 billion were unveiled...
...Until the mid-'90s, that is, when productivity growth rebounded, from about 1.5% a year to more than 2.5%. The engine apparently was the rise of the computer and the Internet. And the boom continued even after the technology bust of 2001. In 2006-07, productivity growth slumped to pre-1995 levels, before rebounding somewhat in the first half of this year. But year-to-year numbers can be confusingly noisy; it's the trend that matters. Gordon, who doesn't buy that computers and the Internet are nearly as economically significant as cars, electricity and their ilk, thinks...