Word: boomlet
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...Building Boomlet...
...they have come on strong. This year has seen a particularly rich crop of new parenting books--to no one's surprise, at least in the book-publishing business. The result of a "baby boomlet" is an 18-and-under generation that rivals the boomers in number. Their parents, moreover, are not only procreative, they're literate. Says Heather Vogel Frederick of Publishers Weekly: "This is a print-oriented generation of parents, and publishers are really capitalizing on that fact...
Fusion and "smooth" jazz certainly haven't burnished strings' reputation. But with the music's more ambitious players looking for ways to broaden jazz's sonic palette after a decade dominated by neotraditionalism, strings are back (the hipster vogue for lounge music probably hasn't hurt). The boomlet began with last year's McCoy Tyner recording of Burt Bacharach tunes--an appropriate enough context--and continues with new albums by Wynton Marsalis and the 29-year-old Puerto Rican-born tenor saxophonist David Sanchez, both on Columbia. Marsalis' record, The Midnight Blues: Standard Time Vol. 5, is his first standards...
...were uncomfortable with a bill that contained no prevention or interdiction efforts, most were not willing to risk a "soft-on-crime" label. They cited statistics showing that nearly 20 percent of all violent crimes in the U.S. are committed by children under 18 years old. A coming baby-boomlet (there are currently 39 million children under 10 in the U.S., more than at any time since the 1950s) suggests that violent crime will only go up without action now. The issue now goes to the Senate, where the Judiciary Committee is preparing to work on a bill by Chairman...
...world of single-digit growth. If you find an investment north of 15% a year, you're probably looking to a technology company." Byron Wien, a managing director of Morgan Stanley, feels the technology group is in a long-term growth phase rather than the kind of boomlet experienced by energy and casino stocks in the late 1970s. Mutual-fund managers with big investments in technology insist the industry has grown so big and diverse that it's unlikely to go bust all at once. Such companies include those that offer services on the Internet (for example, America Online), semiconductors...