Word: peak
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Dates: during 2000-2009
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...About seven years after Microsoft's stock hit an all-time high, Google traded at $747, its peak. It now changes hands at $348, and if the company's sales can only grow at 10% or 15%, the stock is not going back above $700, ever. The myth about companies like Microsoft and Google is that what they do is so important to business and consumers and so pervasive that the growth curve never flattens out. It does flatten at every company. No exceptions...
...going to have to adapt to a new economic reality,” Shore said. “The question is, how do you start to get back to a more sustainable place?” Since the endowment fell 22 percent in four months last year from its peak value of $36.9 billion, University President Drew G. Faust has repeatedly stated that the University estimates a 30 percent decline in endowment value by June 30. The Corporation—Harvard’s highest governing body—adjusts the payout rate each year according to endowment returns, ensuring...
...preferences. There's a reason everyone wants to eat in Quincy. Its proximity to the yard, sensible servery, and its bright and open feel make it one of the most popular dining spots on campus. The floor-to-ceiling windows satisfy naturalists and voyeurs alike. But severe overcrowding during peak hours, coupled with the unattractive and indecipherable mural (unlike Leverett, you actually can forget that its there), keep it from entering the dining hall pantheon with Dunster. Just a few weeks ago, the People’s House finally lowered the iron curtain, and purged the freshman from dining...
...notoriously bitter about the overcrowding of Adams dining hall. Lucy’s much too nice to turn people away (unless she has Vinnie M. Chiappini's help), so the dining hall is frequently packed with non-Adams residents, making it nearly impossible to find a seat during peak hours. And once you do, good luck maneuvering your huge, awkward wooden chair...
...bubbles do, this one burst. While Japan's bureaucrats dithered, failing to face up to the crisis in the financial system, the economy went into a long "lost decade." The stock market plunged, then limped, then plunged again. (The Nikkei index is down 82% from its peak in 1989, and recently hit a 26-year low.) Banks that had once been the envy of the world had to be recapitalized. Growth picked up again after the turn of the century, as demand in China and the U.S. grew, only to be clobbered by the global recession and the collapse...