Like Ireland it had a runaway real-estate boom that has left its banking system with a pile of sour property loans.
Mr Kerry, for his part, offered no meaningful reform of Social Security at all, despite the fact that the retirement of the baby-boom generation will soon swing the system into huge deficits.
There was a glitch in the system, and while Boom seems to have since ironed it out it doesn't fill me with confidence if ever I wanted to use it to place a trade, particularly when already their prices are 15 minutes behind the region's major markets.
In America, by contrast, the baby-boom generation meant that the Social Security system had five contributors per beneficiary in 1960, a quarter of a century after its introduction.
If the U.S. ever moves to a mandatory trading system, expect this field to boom.
This injects new liquidity into the banking system, thereby feeding the credit boom.
The traders have had to re-key manually each Boom trade into the Exchange's own computer system.
Once the banking system began to look frail, there was a boom in the sale of safes for people to keep their cash at home.
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The nearly half-century old programme, one of the Democrats' signature achievements, is suffering under two pressing burdens - the ever-growing cost of an inefficient healthcare system and the imminent retirement of the baby-boom generation, more and more of whom are becoming eligible for benefits.
Micheal Martin's Fianna Fail and John Gormley's Greens - the outgoing coalition - are performing appallingly - blamed for the over-heated and under-regulated construction boom that brought such havoc on Ireland's economy and banking system.
Instead of paying back the excesses of the credit boom in terms of magnitude (a more severe economic contraction that clears the system), we have opted to repay debt in the duration of our economic malaise, thereby opting to stunt the natural course of deleveraging by borrowing more at the sovereign level and printing money.
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At the same time, we will continue to work on a global basis to build a financial system for the 21st century that promotes prosperity and tames the cycles of boom and bust.
And, similar to Dyson, Lugg is proposing to achieve these radical efficiencies by coordinating multiple engine systems (analogous to the acceleration, inducement and entrainment of the Air Multiplier) to create optimal conditions for each stage of flight and to use the excess energy the system produces to create a plasma field to reduce drag and eliminate sonic boom.
Chances are that such a system can continue to function well, at least as long as the oil boom lasts.
By making Windows virtually the only operating-system choice available to computer manufacturers, Microsoft was a principal benefactor of the boom in desktop computing.
The initial phase of inflation is low bond yields, then as the boom reveals itself to be false and price inflation begins to work its way into the system, rates rise to reflect inflation risk.
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Another domestic benefit of the natural gas boom: expanded use will doubtless require adding to the already 200, 000 mile gas transmission system.
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The combination of job cuts and a computerised production-management system could begin to deliver the efficiencies that Boeing failed to capture during the last boom.
They fail to address the larger structural problems with our current socioeconomic system, and more than that, they fail to capitalize on the emerging cleantech boom that some call the Second Industrial Revolution.
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