Word: excessive
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Dates: during 2000-2009
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...other hand, there's something undeniably heady, if not entirely logical, about a supercharged Super Week of Super Bowl and Super Tuesday--something to remind an increasingly gloomy country that for Americans, nothing succeeds like excess. Surely there's a better way to pick a President. But would any other way be quite so rumbustiously ours...
...China's imbalances are likely to get worse. This is largely because the country's spectacular economic boom is driven by a self-sustaining flywheel of rapid productivity gains and increasing profits, which generates excess capital that is in turn invested in more manufacturing capacity. This is why the country's trade surplus with the rest of the world has been rising at an alarming pace, growing nearly 50% to a record $262 billion last year (although the trade gap narrowed in the final three months of 2007). Because many Chinese companies are awash with cash, traditional policies aimed...
...expect a private equity firm to find the excess fat in a company; and one that operates in the decadent music business ought to be easier than most. But ensuring that company has a long-term future is trickier. On that score, Hands has a decent back catalogue. First with Japanese bank Nomura, and more recently at Terra Firma, the 48-year-old boosted the fortunes of a slew of companies, from a waste-recycling group to a chain of pubs...
...money is everywhere here. And while it may seem like simple excess, there is a larger, more interesting point behind the fact that at Bush's stop last Sunday in Abu Dhabi the press lunch consisted of a dozen or so lavish dishes delivered sequentially on a 30-person service of monogrammed, gilt Limoges china. (The meal was delicious, thank you, but surprisingly none of the dishes was as good as the goat's brains from the buffet laid out by the palace of Sheikh Mohammed bin Rashid Al-Maktoum of Dubai on Monday). Back to the interesting part: amid...
...years observers have argued that economic development can be hindered by oil wealth, a phenomenon called the "resource curse." Some, like Prof. Terry Karl of Stanford, say that excess oil exports also impede democratization. Tom Friedman of the New York Times even argues that democratization and the price of oil move in inverse proportion: when the price of oil goes up, he argues, crackdowns on political freedom ensue. Much academic ink has been spilled in pursuit of a model that can accurately link oil wealth and lack of freedom...