Word: euphoria
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...frothy market, the media are feeding the euphoria. TV viewers are treated to a regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish (not to mention Sensex and the City). Indian business publications pile on with intoxicating headlines like THESE IPOS CAN MAKE YOU A SUPERSTAR INVESTOR...
...Berlin. Meanwhile, the U.S. Ninth Army had nearly reached the Elbe, about 50 miles to the west. Hitler talked of leaving Berlin by April 20, his 56th birthday, of flying south to organize an invulnerable redoubt in the Alpine forests of Bavaria. But then came fits of wild euphoria, when he ordered his shattered forces to counterattack. "The Russians have overextended themselves so much that the decisive battle can be won at Berlin," he declared. Then came fits of despair, when he vowed to die in his besieged capital. "Should this fateful battle of the German people under my leadership...
...just another electoral rite in Latin America, replete though it was with rhetoric, euphoria and ill-defined promises. For the first time in 40 years, an elected Peruvian government was in the process of handing over power to another elected government. Although the official results will not be announced for a month, Garcia, leader of the center-left Popular American Revolutionary Alliance (APRA), unofficially captured 48.7% of the vote, a better than 2-to-l lead over his only significant rival, Lima's Marxist Mayor Alfonso Barrantes Lingán, who headed the ticket of the United Left, an agglomeration...
...with foreign investment firms. Their attitude, he says, is: "'Let's just get invested quickly. It's going to boom for the next 20 years, so let's get a piece of the action.' They're not focused on valuations." As in any frothy market, the media feed the euphoria. Indian TV viewers are now treated to a regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish, as well as one called Sensex and the City. Indian publications pile on with headlines like...
...business community has not been immune. In the 1970s and '80s, amid the euphoria of Japan's economic miracle, Japanese business leaders were contemptuous of the dry (read: unsentimental), short-term (read: myopic) obsession with the bottom line that in their view characterized American corporations. In the past 10 years, that attitude has reversed. A Japanese executive recently told me, "Japanese business is trying frantically to adopt an American style of management, and the result is turmoil and confusion. As financial performance continues to drop, top management demands a management revolution?that is, a total denial of our traditional ways...