Word: boom
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...That's particularly important because the number of drivers is increasing. The U.S. population is advancing at a clip of 1% per year. But more important, the baby-boom echo is getting its wheels. Between immigration and the offspring of boomers now asking for the car keys, at least 2 million new drivers are entering the market every year. That invariably adds to demand...
...equity (PE) firms stood very near its pinnacle. "The new kings of capitalism," the Economist called them. The kings of birthday parties too: the $3 million 60th-birthday bash for Blackstone Group chief Stephen Schwarzman in February 2007 will go down in history as a glaring sign that the boom was about to go bust...
...business. There's less agreement about the survivors. Will they land back atop the financial heap and continue to steer a big part of the U.S. (and the global) economy? Will the top students at the top business schools still pine for PE jobs? Or was the PE boom just an artifact of a three-decade debt bubble that will be deflating for years...
...past several years, I've been harboring a fantasy, a last political crusade for the baby-boom generation. We, who started on the path of righteousness, marching for civil rights and against the war in Vietnam, need to find an appropriately high-minded approach to life's exit ramp. In this case, I mean the high-minded part literally. And so, a deal: give us drugs, after a certain age - say, 80 - all drugs, any drugs we want. In return, we will give you our driver's licenses. (I mean, can you imagine how terrifying a nation of decrepit, solipsistic...
...commercialization and forgery of relics: "The boom and ease of buying religious items on eBay and elsewhere on the Web has led to a rebirth in the relic trade, and, it seems, to a renaissance of relic forgery ... Many of these forgeries are convincing to all but the most seasoned experts in the field, and even a few of them have been fooled," Manseau writes, adding, "The problem of fake relics goes well beyond bones. Throughout the 1980s and '90s, the Church of Jesus Christ of Latter-Day Saints was shaken by the exposure of forged documents related...