Word: lavishness
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...very like what the U.S. did in the 1990s. That was the decade in which the U.S. had to dramatically restructure its economy for a new, postindustrial age after the violent recessions of the 1970s and early '80s. And the revolution was accomplished with the help of lavish federal deficits (which are only now being paid down), tax cuts and extensive, bottom-up restructuring that transformed dinosaurs like Ford into world-class competitors. Ever since the Meiji era, when the nation ended centuries of isolation, Japan has proved expert at adopting American ideas to its own revolutionary needs...
...Daly and Semel flew to New York City, where they stunned the entertainment world by telling Time Warner chairman Gerald Levin and other directors of the studio's parent company that they would not renew their contracts. Vice chairman Ted Turner, who had wrangled with the two over their lavish spending, was moved enough to hug them...
...often clocking 84 hours a week. He has spent scarcely anything on himself, preferring to invest heavily in the stock of his employer, Ford Motor Co. He could have been one of those millionaires next door you read so much about, living frugally while piling up money for a lavish retirement...
...soaps on daytime TV, but a successful one has not been launched since CBS's debut of The Bold and the Beautiful in 1987. It might be considered an act of courage, then, that NBC, home of Sunset Beach, the lowest-rated soap on television, this week unleashes a lavish daytime drama, Passions. But soaps continue to be made and broadcast because, when all is said and done, they continue to generate a good deal of money--$50 million to $60 million a year for a successful one. NBC's new hour-long series, centered on four families...
...funny thing happened: while affluent travelers are plunking down large sums for lavish trips to faraway places, ordinary consumers have begun to balk. The millennium may not be such a travel gold mine after...