Word: bustingly
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Such rhythms of boom and bust are part of the mystique of Texas. Observes Historian Joe Frantz: "Texans are not like the Yankee who puts his money in the bank and collects compounded interest. We take risks. And when it doesn't pan out, we don't blame a man. Going broke is not an occasion for gloom. It just means you're short on cash." But as State Treasurer Ann Richards says, "This is the first time I know of that everything hit at once...
Whether by choice or from economic necessity, the Baby Boomers produced in the late 1970s a baby bust. In 1976, when the first Baby Boomers hit 30, the total fertility rate in the U.S. dropped to a historic low of 1.7 children per married woman, less than half that posted by their parents. Furthermore, as many as half the generation's children will wind up in broken homes. As Boomers married in the 1970s, the national divorce rate doubled. For the youngest age group, the divorce rate tripled in a decade. Many women--up to 10% of all female Baby...
...exactly generating a new Baby Boom of their own--the total fertility rate remains a low 1.8 births per woman. But because of the sheer number of Boomers who have finally decided to procreate, parks are full of strollers again, and many neighborhood schools, darkened during the baby bust of the '70s, are once more crowded and noisy...
...companies are having to "do more, spend more and bend over backward to attract workers." The shortages are most severe in low-paying service jobs and in many positions that require technical skills. The maddening worker deficit has come about in part because of the low birthrate, or "baby bust," of the 1960s and early 1970s, which is causing fewer young Americans to enter the job market. That trend will continue over the next decade...
...bust has spoiled the economics of alternative energy sources as well. Many of the ballyhooed 1970s-era programs to extract petroleum from oil shale and tar sands have been mothballed because they cost too much to operate. The hundreds of mom-and-pop solar-power companies that sprang up in the past decade have mostly folded, even in the Sunbelt. Says Susan deWitt, executive director for the California Solar Energy Industries Association: "Our customers no longer feel the urgency to pursue renewable energy." The U.S. is not alone in that regard. Brazil's innovative alcohol-fuel program will...