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California's power crisis is first and foremost a crisis of underinvestment -- a booming state economy undone because nobody built the power plants and gas pipelines it needed.
BEIJING (AP) — Chinese scientists have mastered the technology for reprocessing fuel from nuclear power plants, potentially increasing the supply of carbon-free electricity to keep the country's economy booming, state television reported Monday.
Back then, only California among them had much population, so the booming state happily swallowed not only its share, but also most of the "surplus" water not allocated in the treaty.
In Nevada candidates will find a booming state with a population far more concerned with infrastructure and traffic than farm subsidies and family values, and one bedeviled by some of the highest foreclosure rates in the nation.
The one thing everyone agrees on is that the power crisis was in large measure a crisis of underinvestment -- a booming state economy undone by the failure to build the power plants necessary to sustain that boom.
Of course, none of these men will actually be here in Austin, the booming state capital known for live music, good food and liberalism in a sea of Texas conservatism.
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Second, fiscal integration: booming states pay a lot in taxes, slumping states get a lot of automatic transfers.
"It does show the burst of ambition in the small towns of booming states," Mr. Varshney said.
Berlin in particular would be bankrupt were it not for the mandatory aid it receives from booming states, especially Bavaria and Baden-Württemberg, which Swabia straddles.
Basically, there are three reasons: Americans can move to booming states easily to find work when other states slump; the US federal government reaps the benefits no matter where the boom occurs, and can transfer tax revenues to slumping states; and an integrated banking system with a single lender of last resort helps keep panic anywhere from turning into successive panics everywhere.
The chain failed to open enough stores in booming states like California; it refused for many years to stock nonfood items like toothpaste; its store brands, like Eight O'Clock Coffee, grew dowdy; its stores tended to be in withering urban neighborhoods.
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