Word: surginger
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For oil-producing countries, a spring flood of crude can be devastating. The last one, in 1986, sent prices plunging below $10 a bbl. This year another glut is surging forth, depressing prices of Persian Gulf crude from $18 a bbl. in December to about $13 currently. The causes: a...
The wave of counterfeiting is a natural consequence of the surging demand for cashmere, which has become the fabric of choice for affluent baby boomers willing to pay for the best. No longer limiting the cloth to coats, sweaters and scarves, designers have come out with cashmere tunics, miniskirts, camisoles...
Surging
Upon the Generalissimo's death in 1975, Chiang, already Premier, succeeded him as Chairman of the Kuomintang. Given the title of President in 1978, he wisely encouraged active Taiwanese participation in the island's surging economy, thereby promoting political stability. He also gained considerable personal popularity, mixing regularly with farmers...
But though debt is a new growth industry in Japan, the average family's ratio of obligations to savings declined last year. Reason: the Japanese are putting more money into Tokyo's surging stock market, which, despite recent setbacks, has raised Japan's mountain of savings to new heights.