Word: norms
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Dates: during 2000-2009
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...freshman class, which is further removed from an Ivy title than any incomers since 1994. Nobody wanted last season’s events—losing to Penn for the first time ever, losing to Princeton for the first time in nine years—to become the norm...
...beat Pete Sampras at the U.S. Open to take his first Grand Slam title, and the Williams sisters faced each other across the net for the first time in a Grand Slam. Now a Hewitt victory, the eclipse of Sampras and an all-Williams ladies final have become the norm. The two-week tournament that begins this week in New York is unlikely to repeat the bizarre results of Wimbledon, where the men's seeds toppled like ninepins in the first week, leaving Argentine David Nalbandian to face world No. 1 Hewitt in the final. One match whose outcome...
These converging trends could lead to a move back toward the historical norm--working until you drop--and away from the experiment of the past few decades, the only time in history when healthy people have stopped working for the last 20 or 30 years of their lives. Working longer may seem a natural progression in an era when people are living and staying healthy longer. Indeed, even when the stock market was booming, more and more older Americans were choosing to work, often part time and in dream jobs like business consulting or running a small art gallery, just...
...trading at 22 times trailing 12-month earnings--still well above the norm of about 16. If profits grow as they have in the past, at about 7% annually, and the P/E multiple retreats to 16, the market will return zippo for five more years, except for an annual dividend of less than 2%. This assessment may prove too pessimistic. The recession depressed earnings; a robust recovery could drive them higher faster. But there's no realistic scenario in which stocks resume and sustain anything close to their '90s trajectory...
Bing Sung ’66, who was a member of HMC’s board of directors until the end of 1985, said that such large holdings were not the norm...