Word: demanding
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Dates: during 1990-1999
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What's caused these jabs at one of the sacred cows of Democratic politics? In part it reflects parents' pent-up demand for the very changes to public education--school choice and, in a larger sense, classroom accountability--that teachers' unions have consistently resisted. "There's broad frustration and even antagonism out there," says Joe Nathan, director of the Center for School Change at the University of Minnesota. "Americans perceive unions as people who put the interests of their members first. They don't feel the unions pay enough concern to getting rid of ineffective teachers. They see unions...
...quickly grew into a full-time obsession. More and more of their friends wanted to keep up with what was happening on the Web, and by fall the two enthusiasts were surfing the Net day and night. "It was impossible even to sleep," says Yang. Clearly there was a demand for some sort of service that could organize and make sense of all that information out there in cyberspace. They decided to turn their sideline into a business...
...recent trades have been for well under 1,000 shares," says James Preissler, who follows the Internet for Paine Webber. And because there are still relatively few shares of Internet stocks available to the public, such purchases can pack a hefty punch. That guarantees that any rise in the demand for a stock will have a sharp impact on its price. For example, much of the volatility of Amazon.com comes from the fact that less than half of the company's 49 million shares are actively traded. Founder Jeff Bezos controls 41%, and an additional 12% is in the hands...
These high, demand-driven prices become, in a sense, a self-fulfilling prophecy. So-called short sellers--speculators who borrow stock and then sell it in the expectation that its price will drop--have been furiously buying back shares in recent months to cut their losses as the stock goes up. But such panicky buying only serves to raise prices higher still. So do hopes that a FORTUNE 500 giant will pour big bucks into an Internet company. Disney did just that last month when it acquired a 43% stake in InfoSeek, the third largest Internet search engine...
...power to an elected civilian government next May. Gen. Abdulsalam Abubakar announced Monday night that an elected government would take over on May 29, 1999, replacing the discredited political and electoral machinery established by his predecessor, General Sani Abacha. "The handover to civilian rule has been the key demand of the opposition," says TIME reporter Clive Mutiso. "Indications had been that the military planned to indefinitely postpone the transition, and opposition groups weren't going to stand for that." If they believe Abubakar is sincere, they're likely to ease up on demands for an immediate transfer of power...