Word: concerted
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Dates: during 1990-1999
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Rock star David Bowie performed for a sellout crowd last year on Wall Street, and now dozens of impressed entertainers want to play that venue. Don't look for them in any concert hall, though. The show consists of a financial maneuver that, if bankers get their way, will explode in popularity in the next year or two. It could spawn a new type of mutual fund that fans might find hard to resist...
...fans spend some $50 million a year on Buffett concert tickets, albums and merchandise (from T shirts and caps to margarita mix and salt shakers) and on the comfort foods and frozen concoctions sold at his Margaritaville Cafes in Key West and New Orleans (new ones will open this year in Charleston, S.C., and at the Universal Studios theme park in Orlando, Fla.). The fans have also subsidized Buffett's leap into the world of letters, buying so many of his books (children's stories, a novel, a short-story collection, and his latest, a travelogue/ memoir called A Pirate...
Buffett often claims to be uninterested in money, but he has been uneven about sharing it. He gives freely to environmental causes and has a foundation that donates $1 from every concert ticket to grants for nonprofit agencies in the cities where he plays. At the same time, his band, though well paid, has long griped about having no pension plan. Buffett is now creating one for his veteran sidemen...
...legend was sealed by A Pirate Looks at Forty, a mournful 1974 ballad that is still a concert highlight. When its narrator, a pirate born "200 years too late," offers up a confession--"I've done a bit of smugglin'/ I've run my share of grass/ I made enough money to buy Miami but I pissed it away so fast"--Buffett's fans assumed he was singing about himself. In fact, he wrote the song about one of his disreputable friends. "I was never the damn pirate," says Buffett...
...Turns out time really was on their side, and tonight the Rolling Stones will play their first concert in Moscow. It's a gig that Mick says he's waited for decades...