Word: persists
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...Possibly" is the key word because for now, dreamy values for Internet companies persist. The jig isn't up, and it may be that this isn't a jig at all. AOL, which has risen from $86 to $164 in the past five weeks, may indeed be the most profitable company in the U.S. some years from now, though last year it strained to make $92 million. It's certainly priced for success. With a market value of $166 billion, it's already more than two times as expensive as Ford, the reigning profits champ last year at $22 billion...
...memories of 1969 persist. The picture of an anti-war student in the Faculty Room of University Hall remains one of the most famous images of twentieth-century Harvard. Student activists ever since then have had to contend with implicit, sometimes unfair, comparisions to Students for a Democratic Society (SDS) at University Hall.The University remembers 1969, too: anyone who lives in a building constructed after the takeover can sleep soundly at night in a riotproof dorm...
...market soared? Low inflation, cost-conscious management and endless global opportunities for U.S. companies have played a huge role. Those things will persist. But our limitless affection for technology, blind faith in index funds and grossly underappreciated sense of stock-market risk are part of the equation too. And those things will pass. It was only 10 years ago that we stretched reason to justify Japanese stocks' trading at 70 or 100 times earnings--just ahead of that country's enduring recession. Today's most popular stocks trade in that range, and tortured explanations again pass for wisdom...
...make things worse, am not even sure on which side civilization lies. If I were a state's Governor, I would have to choose one or the other on certain midnights of the year when executioners awaited my go-ahead. As it is, I have the luxury to persist in ambivalence, going case by case, preserving the option of the noose...
...anti-intellectual, self-absorbed and void of inspiration. The music, which has barely moved beyond its foundations of anger, violence and misogyny, now wallows in materialism. Hip-hop needs to be more responsible. A people cannot progress so long as its icons persist in celebrating depravity. SUSAN MCWETHY Atlanta...