Word: grand
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Dates: during 1990-1999
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Since it is probably safe to assume that people intent on securing high-priced Ivy League eggs are carrying some pushy-parents genes themselves, their joining forces with a donor who got into an Ivy League college by dint of her family's willingness to fork over 10 grand to an SAT prep course could result in a child with somewhere between a dose and a half and 2 1/2 doses of pushy-parents genes. Apparently the egg seekers aren't troubled by the prospect of having their grandchildren raised by this sort of person...
INDICTED. GARTH DRABINSKY, 48, and mYRON GOTTLIEB, 55, founders of the Toronto-based theatrical production company Livent, Inc.; by a federal grand jury; on 16 counts of criminal fraud and conspiracy; in New York City. The U.S. alleged that the partners, who produced such Broadway extravaganzas as Showboat and Ragtime, led an eight-year scheme to fake earnings or hide financial losses and siphon off some $4.6 million. In a separate civil complaint, the SEC charged the two with securities fraud. Drabinsky denied the charges and blamed the company's "new management" for the imbroglio...
Indeed, the luxury movement represents the industry's first significant market shift since the introduction of the minivan and the Jeep Grand Cherokee in the mid-1980s. And it suggests that the old model developed by General Motors' Alfred P. Sloan in the early 1920s, which sliced the industry into carefully graded segments and moved consumers up as their income rose, may be headed for extinction. Instead, as automakers lavish more and more attention on a narrower, wealthier band of consumer, the U.S. is moving to a more European marketing model built around sales of luxury cars to the affluent...
...home teams, the boom in top-of-the-line sport-utility vehicles has helped expand the market for luxury in new directions and fatten the profits of General Motors, Ford and Chrysler as Motown-made Navigators, Expeditions and Grand Cherokees have amassed the lion's share of the SUV segment. Last year SUVs accounted for 17.7% of overall Big Three sales, up from 12.7% five years ago. But even that segment is under pressure. In Detroit this week BMW is unveiling its X5, a so-called sport-activity vehicle that combines the company's vaunted performance with a light truck...
...buyers, while maintaining their hold on older ones who never took to European brands the way their children have. Ford recently unveiled its all-new LS8, a rear-wheel-drive, technologically loaded sedan tweaked and tuned by Jaguar. Chrysler, which has scored a connection to boomers with its Jeep Grand Cherokee, last year launched the 300M, a sleek, import-fighting luxury sedan that competes against such other luxury sedans as the BMW 3 Series and Audi A4. "Our cars became boring, and we lost some ground," says John Sloan, director of DaimlerChrysler's large-car operations in Auburn Hills, Mich...