Word: half
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Dates: during 1990-1999
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...committed scant resources to it. Now it has tapped the high-priced Gumbel and built a sleek, $30 million Fifth Avenue studio because it can't afford not to. Situated in the only time slot in which network audiences are actually growing, the morning programs earn as much as half a billion dollars a year, led by Today, which just celebrated 200 weeks atop the ratings. (The shows are also valuable for shilling nightly newsmagazines, cable sister shows and other network siblings, as anyone who has seen cast members of Friends, Becker or NYPD Blue just happen to drop...
...author of The Big Test, a look at the SAT and educational meritocracy, says Achieva's success is the result of crazed but confused parents. Only nine universities take less than a quarter of applicants. In fact, 1,900 of the 2,100 four- year colleges accept at least half those who apply. Thus it is the families, more than most schools, that can afford to be selective. But then there is the perception that unless a kid goes to Harvard, his life is over. "The parents get obsessed, which makes the kids obsessed," says Lemann. "It turns the high...
...only had The Omega Code, by an unknown independent called Gener8Xion Entertainment, grossed $2.4 million in three days, but it had done so in a mere 304 theaters, yielding by far the highest dollars-per-screen figure in the Top 10. And the suits didn't know the half of it. The movie, it turns out, was funded by what the Hollywood Reporter's David Finnigan describes (fondly--he moonlights as a religion journalist) as "a little Christian cable channel most noted for one of its co-hosts' having enormous hair...
...Nearly half of all stockholders are baby boomers, the oldest of whom are just 11 years from retirement age. We're getting perilously close to the day when boomers will slow or, gads, reverse their stock purchases. When that day comes, I believe the market will enter a long period of subpar returns...
...smug. Consider that more than half the population is being left out, and if the stock market is really our ticket to retirement bliss, that must change. Individual Social Security accounts that let taxpayers direct part of their payments into stocks would be a start...