Word: shovels
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Dates: during 2000-2009
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Chicago estimates that the cost of hosting the 2016 Olympics will be $4.8 billion. If its bid finds favor with the IOC this week in Copenhagen, the city might be well advised to get venues shovel-ready as quickly as possible, for it has one advantage that Atlanta didn't: access to a portion of Washington's $787 billion economic stimulus package, much of which is still being allocated...
...more than 80% of the country's overall economic growth this year. This is partly because China was already in the midst of a nationwide infrastructure program when the recession hit. Emergency spending measures simply added to existing schemes already under way. In other words, the projects really were shovel-ready, and the money hit the streets quickly - and in large dollops. Outlays on new railway construction, for example, were $41 billion last year. They will be $88 billion this year. Says one senior FORTUNE 500 executive: "In the U.S., NIMBY [not in my backyard] is still the order...
...plummeted to 33%, compared with 70% in the same month of 2008. In some other resorts, it was down to single figures. And most of the visitors who came were Mexicans, not foreigners. "It was like first getting a cough and then getting hit over the head with a shovel," says Marc Murphy, director of the Riviera Nayarit tourism board. (See pictures of swine flu in Mexico...
Even in daylight, it's difficult to identify likely IED emplacers. "Every other guy in Afghanistan has a shovel over his shoulder," says Lieut. Colonel Tony Demartino, commander of the Army 1st Battalion, 506th Infantry Regiment, referring to the tools carried by day laborers involved in repairs and rural reconstruction projects. "The insurgents are able to exploit this with ease...
Here, on Death Marsh, Mandy Lindberg, a scientist with the National Oceanic and Atmospheric Administration (NOAA) in Alaska's Auke Bay, turns over a shovel of sand and broken rock to reveal a glistening pool of brackish oil. The crude can be chemically typed to the Exxon Valdez, and more oil can be found beneath the beach at Death Marsh and at a number of islands around the Sound. "I wouldn't have possibly believed the oil would last this long," says Lindberg. "Studying the spill has been a great learning experience, but if we had known in the years...