Word: booms
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...Robert Tchenguiz - may be getting cold feet. Despite expressions of support from Baugur shareholders including Kevin Stanford, co-founder of Karen Millen, Baugur last week bowed to pressure from its partners to drop out of the consortium. Other Icelanders are waiting in the wings. Boosted by a stock-market boom and a thriving economy, several Icelandic companies are also on the acquisition trail overseas, including financial institution Kaupthing and food company Bakkavör. It's not just the springs that are hot in Iceland, it seems. - By Peter Gumbel Stirring Up The Risk Pool Triathletes are usually known...
...domestic comedy that reflected America's collective self-image. For the first time ever, Americans could watch a set of characters growing up just as they did. Not until the advent of television would there be any equivalent mass media experience. The Wallets will go through the boom of the 20s, struggle through the Great Depression, after which Skeezix will join the military and fight in the Second World War until he comes home and raises a family of his own during the 1950s. Based heavily on King's own life, as evidenced by the archival materials provided...
...first real success was scored by Hendrum, Minn., less than 30 miles from Fargo, N.D. Since launching its land giveaway in 1994, Hendrum has added 18 homes--not exactly a boom but the first construction in at least a decade. "It has brought a lot to our town," says John Kolness, head of the local economic-development authority. Land values are rising, he says, and Main Street is picking up. The population decline has slowed significantly, and the town still offers free land to folks who will build...
Warren Buffett may be the greatest investor ever. But his long-term philosophy, which was ridiculed as he avoided the dotcom boom--and vindicated as he avoided the bust--is being scrutinized once more. The buy-and-hold billionaire is up to his ears in exotic investments known as derivatives, which are used to bet on things like the weather and the direction of interest rates. Derivatives were at the core of the 1994 bankruptcy of California's Orange County and the 1998 demise of hedge fund Long-Term Capital Management. Buffett once called derivatives "financial weapons of mass destruction...
...real estate appraiser for nearly 30 years, I consider the housing market so bizarrely bent that it's seriously Enron-esque. When banks start loaning money to anybody who can sign his or her name, the end of the boom is rapidly approaching. All the greedy little lenders want every available cent invested in something, anything at all. I am sorry to say I am disgusted by what a thoroughly dishonest nation of money-hungry fools we Americans have become...