Word: boom
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...estimated $1 billion a month. The drop in spending has slowed construction projects across the country, created an exodus of foreign workers, and overwhelmed the Islamic court system with bankruptcy proceedings. Only interest-free government deposits have kept many banks from failing. Says a top Saudi official: "During the boom, the country generated tremendous wealth. Now the cycle is reversed. Every time we cancel a project, the ripple effect washes over the entire economy...
There are signs, both serious and frivolous, that the good life is not what it used to be. Rolls-Royce and Mercedes automobiles are appearing in used-car lots. In boom times, the skies over Houston during rush hour were filled with helicopters ferrying executives; today the choppers are a rare sight. Last week, in an effort to cheer its customers, the tony La Colombe d'Or restaurant offered a four-course lunch pegged to the price of a barrel...
...Society is currently experiencing a boom--the monastery is absolutely full, and there's a waiting list for prospective postulants. Even if one is accepted as a postulant, the community has a long trial period--men who want to join must spend three months as a postulant, then five years as a novice before taking final vows...
...know how big a drop it was. It might have been 500 feet. We just went boom," John Shaughnessy, 43, a passenger from Flushing, Mich., said after Flight 534 landed without incident here shortly after...
...steady boom in manufacturing leads to, and in fact requires, an equally steady decline in blue-collar jobs...