Word: mania
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...Spike, was not! He was wrong. The best definition of genius was given me by a philosopher: "A genius is one who, however slightly, alters our perception of reality." The father of the Goons fits that bill alright. Modern comedy owes an enormous debt to that fierce, inventive mania...
...love them or hate them. With the 150th anniversary of his birth on June 25, the city of Barcelona and the Catalan and Spanish governments have proclaimed 2002 International Gaudí Year. More than 100 events are planned in homage. Already the Spanish press has dubbed it Gaudímania...
...wealthy folks piled into venture-capital funds at the peak of tech mania two years ago, and they have seen nothing but red ink. Last year such funds declined about 40% on average. The other pillar of what's known as private equity--leveraged-buyout funds--has had problems too, losing about 20% in 2001. Together, these are the worst returns on record for an exclusive class that often carries investment minimums of $1 million for access to the best managers. When the game goes this bad, what's a well-heeled investor...
...megamovie Lord of the Rings has a history that predates Elijah Wood's hairy toes. Amid the cultural storm of the 1960s, American hippies put down their bongs, turned down the Hendrix and transformed an obscure three-volume fantasy by an Oxford professor into a counterculture classic. Rings-mania swept U.S. campuses, prompting TIME to comment, in the quaint parlance of the age, "The hobbit habit seems to be almost as catching as LSD." New initiates wore buttons declaring "Frodo Lives" or "Go Go Gandalf," while Ringworms, the trilogy's hardcore fans, learned the fictional languages Tolkien invented...
...harbinger of a rising economy--and it's not the only one we're seeing. The stock market has been quietly rallying. Initial public offerings of stock remain few, but those getting to market are being snapped up fast for the first time since the last gasp of Internet mania in early 2000. And the benchmark 10-year Treasury bond, a proxy for mortgage rates, shot from 4.17% to 5% in a blink. Higher rates are a burden to borrowers--but one that usually precedes a stronger economy. "The worst is over," declares Mark Zandi, chief economist at Economy.com...