Word: manias
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Dates: during 1990-1999
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...totaling $18.5 billion. Last year a report by the U.S. Public Interest Group (USPIRG) found that consumers paid 15% more to maintain a regular checking account at a big bank than at a small bank. Similar results were found by a Federal Reserve report to Congress last June. "Merger mania is making the fee-gouging big banks even bigger," complains Ed Mierzwinski, consumer program director for USPIRG. "Fewer and bigger banks mean consumers face fewer choices, less competition and even higher fees...
...simply plunking some money in a well-run regional bank-stock mutual fund like Fidelity's or John Hancock's. Both are up more than 55% in the past 12 months. There are still some 9,100 banks out there. A fund gives you broad exposure to the deal mania that has been lifting the industry for years...
...keep prices down, provide better service, win business and keep profits up--the favored recipe for large-scale corporate survival in the global, capitalist '90s and a prime driver of the record $919 billion in mergers last year. By comparison, the 1980s (when the press screamed about "merger mania") were strictly peewee league. The biggest single year of deals in the greed decade was 1988, with $353 billion...
Bohnett's phone-mania is the Rosebud that explains why GeoCities has grown into the biggest (dare I use the word?) community on the Web. He understands that community is mostly about communicating--and he figured out a way to facilitate both online. Think of him as the Web equivalent of William Levitt, the postwar developer who built affordable homes in suburbs like Levittown, Long Island. Bohnett's was the first Website to supply free home pages, and the tools to build them, to all comers. To date, nearly 1.7 million users have signed up and are publishing their home...
Apparently, the University has been fit to tie itself to Titanic-mania lest it miss out on any extra publicity that might be gleaned from advertising the fact that Harvard people drowned too. Clicking on the "Titanic" category reveals surprisingly little information, but they sink to such depths at to capitalize that revoltingly standard image of Jack clutching Rose and staring into the distance. The exhibit reveals not only the commonly known Widener-Titanic connection, but also the lesser known Straus-Titanic link...