Two years after that, in 2009, applications soared by 10.1%.
Business school applications soar in number during recessions.
The growing hunger to attend big-name universities has sent applications soaring.
Mortgage refinancing is well past its peak even as purchase applications soared, the mortgage bankers figures showed.
WebMethods, a writer of software for Internet applications, soared to $212.625, more than six times its offering price of $35.
"We got over 100 applications for 25 places this year, and if we do even a bit of publicity we know we'll see applications soaring for next year," says Rothschild. "There's lots of talent out there, and lots of youngsters who feel they'd love to be journalists".
But the new system — requiring applicants to show they have offers from approved colleges and adequate finances — was quickly overwhelmed, particularly in the Indian subcontinent, where applications soared and British officials complained that they were approving applications on paperwork alone, with no interviews.
Worryingly for those betting on a swift economic recovery, business schools reckon that next year could yield an even bigger crop of applicants.During the previous downswing the percentage of full-time MBA programmes reporting higher applications soared as tech stars switched to textbooks (see chart).
As a result, even if applications soar in 2011 as expected if people with 2-year stimulus funds apply for new grants and others recycle their rejected stimulus applications the quality cutoff for funding would drop only from 16.8% to 15.7% of applications.
Johnson Electric Holdings, which makes components with automotive and industrial applications, soared 10 Hong Kong cents (1 cent), or 6.4%, to 1.67 Hong Kong dollars (22 cents), on anticipation that the manufacturer will benefit from increased Chinese spending on rural infrastructure.
