Word: nesting
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Dates: during 2000-2009
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...Edible birds' nests are the handiwork of the swiftlet, a small bird found mostly in Southeast Asia that builds its nests from its saliva. Bird's-nest soup is an expensive delicacy served across the Chinese-speaking world, and the basic ingredient is in such demand that nests are sometimes called "white gold" or the "caviar of the East." In Bangkok, an 11-oz. (300 g) box can cost $2,600, while so-called health drinks comprising just 1.1% nest sell for $4 a jar. Aficionados attribute nests with the power to treat everything from cold sores to tuberculosis...
...some respects, the birdhouse business resembles the trade in nests harvested from the wild, a side of the industry that is murky and sometimes violent; in the past, only those with money, muscle and good political connections prospered. In Thailand, fewer than a dozen companies harvest nests from some 170 islands in the Gulf of Thailand and the Andaman Sea, in return for paying multimillion-dollar concession fees to the government. The remote islands are guarded by dozens of armed men - in effect private armies - and are often run "like independent states," says Jandam, the author of the industry study...
...connection between nests and violence continues to this day. The island of Koh Mak gets about $1.1 million in nest revenue every year, eight times more than the budget of some other Phatthalung subdistricts unblessed by nesting swiftlets. In 1997, the Thai government passed legislation to make the industry more transparent and ensure that government revenue from concessions is funneled back into local communities. But a string of unsolved murders on Koh Mak indicates hazardous aspects of the harvesting trade linger. Pradit Jariya, 35, has been administrative chief of the island for a year now. It's quite an achievement...
...Given the risks of wild harvests, it's little wonder that the smart money has moved into the more genteel birdhouse business - although here, too, there are complications. Swiftlet condos have become local eyesores. Because nest theft is common, the untreated concrete structures often resemble secret weapons facilities, their roofs adorned with barbed wire and electric fences. Bird droppings are a potential health threat, too, while in some towns, the constant noise from Swiftlet Bazooka Tweeters and other callers has become "unbearable," admits...
While the recession hasn't spared any age group, it's been particularly brutal for older Americans who were counting on their (now shrunken) nest eggs to last through their retirement years. To supplement their stash, an increasing number of seniors are turning to reverse mortgages, which function essentially as a cash advance on their home equity, repaid only when they sell their home or die. The loans are available to those 62 and over, and lenders have to eat the difference if a home ends up declining in value. In the three months after February--when a provision...