Word: ascent
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...Harvard field hockey team’s steady ascent since the construction of Jordan Field in 1999 may have suffered a slight lapse when the team failed to make NCAAs last year. But auspicious events in this year’s offseason—in contrast to the slew of injuries at last year’s outset—leave the Crimson equipped to surpass the achievements of the 2000 NCAA qualifying team...
...always been a popular figure who relates easily to creative types. "Amy's emotional," says a male producer who has worked with her recently, "and that's good and bad, but she can get down in the trenches and help you work out a story." Her own ascent to power, however, hasn't been easy. Though she was named chairman in 1999, she seemed to lack the golden gut of the most successful studio chiefs. She released a string of uninspired teen movies and such duds as the 2000 Sandra Bullock-goes-to-rehab drama 28 Days. Guessing when...
...Suwa Shinto Shrine when I hear the music of a parade. Two large drums, carried on the backs of robed festival participants, keep rhythm for a 20-person contingent. Men in suits and white-faced women in bright kimonos lead the procession down stone sidewalks, beginning the 168-step ascent to the three large sanctuaries of the shrine. Koyairi, I later learn, is the ceremony that kicks off the five-month preparation period for Nagasaki's best-known event, the October Kunchi festival. Kunchi began in 1634 as part of the government's efforts to expunge foreign influences. Locals were...
...address the question of excess in the stock market - more specifically, the discrepancy between the price of equities and their potential to generate wealth as a share corporate profits. Analysts have warned for years that the market is dangerously overvalued. Fed Chairman Alan Greenspan warned in 1998 that its ascent was driven by "irrational exuberance," but that didn't stop stock prices skyrocketing...
...equities themselves desirable commodities, whose price will keep rising as more investors make the same leap of faith. Value, in other words, is easily replaced by the perception (and in many cases the illusion) of value as the cause of a stock's rise. The stock market's heady ascent over the past five years was driven often by faith in the performance of equities on Wall Street rather than by faith in the potential of the companies to earn money on Main Street. Pyramid schemes are based on a not dissimilar psychology - the consensual hallucination that everyone will...