Word: soarings
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...Illegal immigration did soar, but that's not why. Studies show that the valleys and peaks in migration have depended far less on changes in policy or policing and far more on the basic economic conditions in the U.S. and Mexico. If you want to truly tamp down illegal immigration, you could induce a recession in the U.S. A better idea might be to help Mexico create more jobs that pay better. A recent Council on Foreign Relations study found that when Mexican wages drop 10% relative to U.S. wages, attempts to cross the border illegally rise 6%. As complex...
...June 6-8 for their annual summit, they will be visiting a part of the world where eight of nine countries are growing faster than the E.U. average; where several, including Latvia, which last year expanded 11.9%, are topping the European table; and where trade is expected to soar 50% by 2020. The port at Hamburg, just west of Heiligendamm, has seen a 40% increase in cargo shipped through the Baltic Sea in each of the past three years. As host of the summit, Germany has proposed a comprehensive agenda for world leaders ranging from more aid to Africa...
...Angola, the government collected $10 billion in oil revenues in 2005 alone, and that number is expected to soar until production peaks in 2011. This is the first gusher of wealth in a country that has never known it. But the gains are not evenly spread. In downtown Luanda today, it's clear Angola's new rich are doing well. In April, the $35 million Belas Shopping Center - the country's first mall - opened in a new suburb called Nova Vida. There, in a store called Tapazio, they can shop for such baubles as silver-plated ashtrays...
...Malibu? In some ways, what's happening in Singapore more closely resembles recent events in Macau, the former colonial enclave on the Chinese mainland that saw its property market and economy soar after the government in 2002 ended a longstanding gambling monopoly and touched off construction of a spate of new casinos, resorts and residential projects. Singapore's actions are having a similar effect. Development is booming and property prices have been soaring. Upscale home prices that averaged about $8,500 per sq m two years ago are expected to reach more than $21,300 per sq m this year...
Officially the world's top gambling destination, the small southern Chinese city of Macau last year hosted over 22 million visitors-more than 40 times its population of 513,000. With at least four more massive casino resorts in the pipeline, those numbers are expected to soar, and that means more jobs for locals in the hospitality industry...