Word: demands
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Dates: during 2000-2009
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...early part of the decade, thousands of cash-rich urbanites poured their savings into the Puer, causing prices to double, then triple. "People were buying anything," says David Lee Hoffman, a California collector. By 2007, the finest aged Puer was - quite literally - worth its weight in gold. As demand soared, however, quality suffered, fakes flooded the market and prices fell...
...Mounting demand for congressional travel may help explain why the House initially ordered the Pentagon to buy two more $65 million Gulfstream V jets as part of the $636 billion defense budget, along with a pair of $70 million military-grade Boeing 737s...
...controversial $500 million grant he secured from British Petroleum - and spearheaded a major project to investigate solar energy. "Steve is a visionary, and he really galvanized the lab with his vision," says Paul Alivisatos, who was Chu's deputy there. But some scientists bristled at Chu's demand for dramatic scientific breakthroughs - brand-new ways to store energy, sequester carbon or fuel cars - as opposed to incremental engineering improvements. "Chu likes flashy, sexy technological fixes that attract a lot of attention. He gets bored when they aren't nano-this or bio-that," says University of Texas engineering professor...
...support for new nuclear power, which has become wildly expensive. They recall President George W. Bush talking up future technological miracles as an alternative to present-day action, and they want Chu to focus on proven technologies that can help boost efficiency and conservation to reduce energy demand now, plus on renewables to create zero-emissions supply...
India's drought is drying up consumer demand in rural areas, and the entire economy is feeling thirsty. It begins with people like Kalu Singh. A prosperous farmer in the northern state of Uttar Pradesh, Singh has built a tiny empire - a microcosm of the Indian economy - around him. He owns 144 acres of vegetable plots and paddy fields and last year earned almost Rs. 2.2 million (about $45,833). That's enough to employ more than 1,500 people and for him to live well, spending about $625 a month buying clothes, food and comforts for his family...