Word: driven
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...question of excess in the stock market - more specifically, the discrepancy between the price of equities and their potential to generate wealth as a share corporate profits. Analysts have warned for years that the market is dangerously overvalued. Fed Chairman Alan Greenspan warned in 1998 that its ascent was driven by "irrational exuberance," but that didn't stop stock prices skyrocketing...
...keep rising as more investors make the same leap of faith. Value, in other words, is easily replaced by the perception (and in many cases the illusion) of value as the cause of a stock's rise. The stock market's heady ascent over the past five years was driven often by faith in the performance of equities on Wall Street rather than by faith in the potential of the companies to earn money on Main Street. Pyramid schemes are based on a not dissimilar psychology - the consensual hallucination that everyone will win as long as everyone keeps buying...
...mother sat on a hard chair by the front door with her mouth open. Her pale face paler than I had ever seen it. Her blue eyes staring. My father was driven into motion. He wanted to know details and to comb the cornfield along with the cops. I still thank God for a small detective named Len Fenerman. He assigned two uniforms to take my dad into town and have him point out all the places I'd hung out with my friends. The uniforms kept my dad busy in one mall for the whole first...
...losing a job, having an annoying neighbor or flirting with someone you shouldn't. The best of the four tales in this collection, "Hawaiian Getaway," features Hillary Chan, a twenty-something child of Asian immigrants who loses her job and starts a downward spiral of guilt and self-loathing. Driven to distraction by a demanding, critical mother and a patronizing, "successful" younger sister, she begins making increasingly nasty prank calls to the payphone outside her window. Strangely, one of these results in a date with a decent guy. Will she see him again? It ends as she waits to find...
Much of cable's woe stems from the high cost of programming in Europe, driven up a decade ago by newcomers KirchPayTV and BSkyB, which wanted to kick start their fledgling services. Soccer--which is quite literally "the only game in town," as Carmel Group analyst Jim Stroud puts it--has seen the cost of its coveted broadcast rights soar in recent years. Kirch alone paid $350 million a year to distribute the German national championship league, a cost that contributed to the German company's eventual downfall. Even BSkyB hasn't turned a profit on its most recent investment...