Word: peak
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There are any number of treks. Our group of seven chose a four-day ride over the spurs of Mount Tsast, the highest peak in western Mongolia. At 4,193 m, it is snowcapped even in summer, but its slopes fall into broad, warm valleys, grazed to a natural baize by camels, sheep, goats, yak and horses...
Without question, the upsurge of Hanson's party has been greatly exaggerated. Yes, the party has revived itself after being written off in 1998's federal elections. But it is still far below its previous peak, winning just three seats in Queensland compared with 11 in the previous election. Using Australia's preferential voting system to best effect, One Nation played a key part in humiliating the Liberal-National coalition in the Queensland and Western Australia elections. True, John Howard's coalition has been on a downward spiral federally, but divisions in the opposition ranks made Labor's win more...
Talk about a wild ride. Kristian Dicke and Richard Geibel, two Germans in their 30s who had been university roommates, launched their business-to-business exchange March 11, 2000. That was the day after the nasdaq peak, the beginning of the yearlong global tech-stock slide. Matchbid - which has since transformed itself into a software firm - has survived...
...hearts of the old-media infantry. By last Wednesday, when the Robert E. Lee of this rebel force reached his Appomattox, the yell sounded more like an ironic groan. First-quarter sales set to be 40% off last year's estimate? Ya-hoo. Stock down 92% from its peak, with no end to the freefall in sight? Ya-hooey...
...fair, Yahoo's news was just one act in the carnival of carnage that was high tech last week. Cisco and Intel predicted big revenue drops and job cuts, a combination that set the nasdaq up for a 5.3% fall on Friday. The index is off 59% from its peak, reached a year earlier. Even the good news hurt--unemployment was stable but wages grew, undermining the Street's expectation that the Federal Reserve will deliver a big interest-rate cut later this month...