Word: careen
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...investors, tech stocks have always been wobbly, with their stratospheric price-to-earnings ratios and fluid business plans; now they're starting to careen, mostly downward, with regularity, and other bets are only getting better. "The higher interest rates go, the more lucrative bonds and T-bills are," says Baumohl. "When 30-year bond yields get over 7 percent, with absolutely no risk, money gets shifted out of the techs and put elsewhere." And then there are the fundamentals, which were never the tech sector's strong suit anyway. "When rates go up, companies don't have as much money...
...digital scanning and cartography software. The List Visual Arts Center is home to the resulting exhibit, selfportrait.map, featuring 18 large-scale color prints. Unlike hides on a wall, these skins never fully surrender the fantasy of three dimensions, so that as the form is flattened, it also tends to careen. LoCurto and Outcault are deformed as pure surface and spun out by algorithms into unlikely, mappish dimensions...
...jobs. Adults seem to have less freedom than kids. Grown ups are like pin balls whose trajectories are defined by a series of obstacles that bounce them in a meaningless direction. After shooting out of college at high speed you slam into a four-figure monthly rent and you careen towards a career in I-banking. You're hit by 90-hour weeks, you fizzle out, lose steam, and drop into law school. There you bump into a nice guy, slide into marriage and emerge from law school with an infant child, student loans, the need to buy a house...
...stock market will not rocket higher or careen into a ditch just because the Dow notches a fifth digit. But Dow 10,000 is a critical plateau in that it will be the product of an extraordinary run. If the Dow had risen at its historical rate of 11% a year instead of its 24% average annual rise since 1994, it would now be nearing 6000, and we'd be years--not days--from popping the cork. No one can say when this period of outsized gains will end. But the same trends will not last forever...
...Hefner rather well: "If you like this record send us one of yours. Be kind to small businesses. Buy more Beach Boys records." These are good sentiments, well meaning and empty headed. Such is their music. Hefner's Brit-pop inclinations are balanced by Antony Harding's vocals, which careen from Elvis Costello to the Violent Femmes' Gordon Gano--although the lyrics never come close to the wit or heart of those...