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Southwest effect

Southwest effect  n.— Note: Named for Southwest Airlines. «What isn’t known is how much demand for travel will disappear this fall if fares are higher and the economy weakens further. When discounters enter markets and force all airlines...

have-yacht

have-yacht  n.— «Yacht is seen as another luxury after big houses and big-brand cars, with new words even coined for the City of London—the “have-yacht” and “have-nots.”» —“ Yacht sales to mirror UK...

resource curse

resource curse  n.— «Although economic growth is a key ingredient to poverty reduction, some academics have formulated the “resource curse” theory, which, broadly stated, includes the proposition that an economy blessed with...

bah-see zhan

bah-see zhan  n.— «In just a few years, a vibrant, competitive and largely self-contained economy had materialized around the bus stop, or bah-see zhan, an economy that employed at least 200 people, all of them bound to one another in a...

outdoor room

outdoor room  n.— «Many of us will be spending our leisure hours in the backyard—what has come to be called the “outdoor room.” “The outdoor room has been a growing trend over the past few years, so the selection, quality...

donut economy

donut economy  n.— «Economists now refer to the US as having a “donut economy”- it is hollowed at the center, heavily reliant on cheap imports from China, excessive military spending and a corrupted stock market to drive it. The US...

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