Word: booming
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...more money is not a sound policy; the University’s mission is to educate, not to amass wealth. Yet reckless spending does not make sense, either. Rather, the University must refocus its energy on offering schools consistent increases in endowment payouts from year to year, recession or boom...
...does it really make financial sense to destroy one house to build another? In recent years, as the price of residential real estate has rocketed, the answer has often been yes. Today, with the boom losing steam, a teardown is no sure thing. Still, it can prove worthwhile--as long as you're careful. As Peter Miller of Realtytimes.com explains, you need to crunch the numbers to make sure the value of your new home will at least match your purchase, teardown and rebuild costs--plus leave you some compensation: "A typical profit margin should be on the order...
SENTENCED. FRANK QUATTRONE, 48, former investment banker to high-flying Silicon Valley companies during the Internet boom; to 18 months in prison; in New York City. He is appealing a May conviction for hindering a federal stock investigation involving Credit Suisse First Boston, but will be forced to begin serving prison time in late October while the appeal is pending...
...economy begins to stir from a decade of stagnation that has rattled the nation's self-confidence, Germans are again making ambitious plans for the future. Nobody is predicting a boom, but there are signs that Germany is ready to reassert itself as the economic engine of Europe. The economy is growing again, albeit slowly. The heart of Berlin, cut in two for 28 years by the infamous Wall, is now a showplace. The DZ Bank with its magnificent vaulted roof, the Jewish Museum with its lightning-bolt shape and the Sony Center in Potsdamer Platz with its circus-tent...
...wasn't bad enough that the tech boom brought the scourge of casual dress to corporate America. When the dotcom companies eventually imploded, they also managed to depress the rest of the economy and, with it, the already defeated spirits of menswear retailers. Men jittery about their jobs were hardly inclined to purchase new khakis and polo shirts, let alone suits, which, because they cost more, are far more lucrative for the industry. But after several straight years of decline, the menswear industry is showing signs of improvement...