Word: famousness
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...past, one gained national recognition for a reason—due to an accomplishment, contribution, or ability. Now, however, celebrity has become an end in and of itself—reality television creates cultural icons who are famous for nothing other than their own celebrity. Consequently, people seek prominence to gain more prominence, pulling stunts they think could land them a reality-television-show role. This obsession with fame for fame’s sake reflects a strange trend in American culture. While we recognize that the desire for prominence is nothing new, the new media machine that creates stars...
Normal is a relative term. Houses inside Isleworth's 600 acres, 45 miles southwest of Orlando, Fla., cost between $2 million and $8 million. Aside from Woods, perhaps the wealthiest and most famous golfer in history, homeowners have included sports legends like NBA superstar Shaquille O'Neill, movie stars like Wesley Snipes and tycoons like Planet Hollywood creator Robert Earl. The development is ranked the world's No. 1 luxury golf community, and the Mediterranean-style country club is a massive 89,000 square feet. Isleworth has its own private security force with marked patrol cars and fully staffed guard...
...Geumpang sits in a valley of rice fields at the heart of Ulu Masen. It is famous for its fertile soil and the gold sometimes found in its rivers. Raked by clouds, it is also famously wet: some people joke that the name Geumpang is a contraction of gerimis panjang, the Indonesian for "constant drizzle." A no-go area during the conflict - GAM rebels passed through there on their way between Aceh's east and west coasts - it is now a peaceful place. Children walk to school past paddy fields of ripening rice, while glistening water buffalo wallow in pools...
After studying psychology at Yale and then playing drums in a pop-music group that never hit it big, Prechter joined Merrill Lynch in 1975 to do technical analysis, also known as chart-reading - the search for patterns in the movements of securities. The most famous of technical approaches is Dow theory, a rough model of market waves originally described by Wall Street Journal co-founder Charles Dow at the turn of the 20th century and refined and popularized in the subsequent decades by Journal editor William Peter Hamilton. Prechter studied Dow theory but soon moved on to the mostly...
...beaten-track colleges. But mainstream economists, who had long dismissed market cycles as nonsense, have begun to come around at least a little. Yale's Robert Shiller describes market booms and busts as the product of fashion and animal spirits. A trio of academics revisited a famous 1934 paper that debunked the predictions of Dow theorist Hamilton and found that, adjusted for risk, Hamilton's predictions beat the market. MIT's Andrew Lo, a top finance scholar, has made technical analysis one of his main research topics. So maybe there is something to it. Or maybe this is just evidence...