Word: peaking
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...locals from their cash for 118 years. Yet most Special Administrative Region residents speak of the horse-racing monopoly not with resentment but with a hint of veneration. When toting up personal possessions signifying ascendance in Hong Kong society, along with the Mercedes-Benz and the house on the Peak goes a Jockey Club membership card. Access to the club's posh dining rooms and exclusive turfside suites is an honor generally reserved for the ?lite, the wealthy and the connected...
...endured in the lead-up the Cape Cod Opera production. “I had rehearsals all day in the weeks preceding the performance,” he recalls, “which meant that I was teaching review sessions for chemistry, jumping in the car to fight peak hour traffic, and then an hour later standing on stage performing opera. It was crazy...
PUBLISHING NIRVANA: Daily Variety reports that Riverhead, a division of Penguin Putnam, has bought the rights to publish the notebooks of the late Nirvana frontman Kurt Cobain for close to $4 million. Publishers got a sneak peak at the journals last week, and insiders who have read excerpts from Cobain?s 23 notebooks (about 800 pages written over several years), tell TIME the early buzz is warranted...
...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...
Publishers got a sneak peak last week at the journals of former Nirvana frontman Kurt Cobain, placed up for auction by his widow, Courtney Love, and widely expected to become a best-seller. Publishing insiders who have read excerpts from Cobain's 23 notebooks, about 800 pages written over several years, tell TIME the early buzz is warranted. The diaries include a handwritten draft of lyrics to Cobain's generation-defining single, "Smells Like Teen Spirit," with verses crossed out and circled. Cobain obsessively lists his 50 favorite CDs during various periods, often naming albums by fellow Seattleites the Melvins...