Word: boom
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...nation's savings rate remains abysmal. "For two months back to back last year, the savings rate was less than zero," says Baumohl. "That's the first time since the Depression that there have been two consecutive months of negative savings." With the bulging Baby Boom generation edging toward retirement and Social Security coffers looking barer and barer, politicians are scrambling to come up with any proposal that will prompt people to take the financial responsibilities of retirement into their own hands. The Roth proposal may help some, but since the plan obviously benefits those who have money to begin...
...large part the growth is due to resurgent generosity among the ultrarich, whose pockets have fattened the most during the decade's boom. A survey released last month by U.S. Trust found that the wealthiest 1% of Americans say they gave away an average of 8% of their after-tax income in 1997, up from 5% in 1993. Says Paul Schervish, a philanthropy expert at Boston College: "A sleeping giant is awakening...
...Cleveland School of the Arts, a public magnet school whose 658 students come from some of the city's poorest neighborhoods, bears little resemblance to the traditional versions that fill most theaters at this time of year. Tchaikovsky's romantic score has been replaced by the blunt, insistent boom of a drummer pounding out rhythms on a plastic bucket. Marie, the little girl who dreams of journeying to unknown lands, has become Miesha, the knowing offspring of a single-mom family, while her godfather Drosselmeyer, though still endowed with magical powers, also plays trumpet like Miles Davis and does...
Before he was 20, he was seen playing Yasha the footman in The Cherry Orchard in Sacramento and hired as an intern at the Great Lakes Shakespeare Festival in Cleveland, Ohio. Soon he was making $50 a week and, best of all, "Boom, I had a card in my wallet that said I am a professional actor." He and his first wife Samantha went to New York City for the requisite starving-actor years; they had a baby and some thin patches. "It was a year and a half of horrible scary days," he recalls...
...several billion dollars of restorative measures but omitted the well-known cause for the condition of the Everglades--the massive plumbing system installed by the U.S. Army Corps of Engineers to provide flood control and water supply for the millions of new South Florida residents. The state's population boom and the attendant development, runoff and water demands have played a critical part in the Everglades story--but not in your one-sided account of the situation. JORGE A. DOMINICIS, VICE PRESIDENT Florida Crystals West Palm Beach...