Word: soundness
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Dates: during 2000-2009
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Macau is a city that resonates with the sound of money. The nonstop rat-a-tat of millions of gambling chips tossed on blackjack and baccarat tables in its cavernous casinos, the constant thumping from the construction of five-star hotels and luxury apartments and the hubbub of the crowds of tourists who jam the narrow streets of this tiny Chinese enclave mix to create the roar of fortunes being made. This is the sound of one of the greatest gambling booms in history. The casinos in Macau take in more money than those of the Las Vegas Strip...
...These steps may slow the gambling boom, but to a cash-strapped populace, the sound of the clinking chips is simply too enticing to pass up. Lei Ka-ling, 20, opted out of college and enrolled instead in a free dealer-training course at the government-run Macao Tourism and Casino Career Centre. Lei says she had little choice. Her father, a hotel repairman, and mother, a janitor at a construction site, were barely able to support the family as Macau's costs rose. The salary Lei can earn as a dealer, roughly $1,900 a month, will instantly double...
...Pasadena. What an elder says of him was also true of Chahine: "The boy knows exactly what he wants. He'll make it." At the end he sails into New York Harbor and sees the Statue of Liberty as Glenn Miller's "Moonlight Serenade" plays on the sound track. He glimpses some Hassidic Jews on the deck below him, and the Statue morphs into a heavy-set actress he knew back home. She lets out a ribald laugh - just the reaction Chahine so often wanted from his audiences when they were faced with the historical and emotional collisions of life...
...McCain, who has a bigger hole to fill because he will collect less taxes, the spending issue is one he says he would tackle with gusto once in office. But the details of those spending cuts are mostly, once again, in the sound-bite stage. McCain has promised "comprehensive spending controls," "across-the-board scrutiny" and a bipartisan congressional commission to chop up spending. The goal, says Holtz-Eakin, is to return to the fiscal discipline of the late 1990s, when then President Bill Clinton struck a deal with a Republican Congress to limit spending increases. "People write [new spending...
...independent analysts think that McCain has much hope in reaching his goal of a balanced budget by 2013, but then they are just working off sound bites, not actual numbers. The McCain campaign's hypothetical spending cuts would only be achievable, they say, by a President who did not have to negotiate with a historically big-spending Congress. "King McCain might be able to do it," says Len Burman, another author of the Tax Policy Center report. "But President McCain will have a very difficult time...