Word: phenomenon
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...black and put away in dark library shelves.' The publisher, Harper & Row, did not dream of a first printing of 600,000, or of 'the bestseller of the century,' as it is now freely described. Few foresaw that The Death of a President would become not only a publishing phenomenon but also an emotional battleground?a book about which other books will be written. When it finally reached the public last week?some stores put it on sale ten days before the release date?it seemed the work had been prepublicized, predigested, precriticized and prejudged beyond the point that...
Pity the plight of the super bestseller. Louis de Bernières was 39 when his fourth novel, Captain Corelli's Mandolin, became a surprise global phenomenon, selling around 3.5 million copies in 24 languages. Now, at 49, he's just getting around to publishing the follow-up, Birds Without Wings (Secker & Warburg). What has he done in the intervening decade? A few short stories, a biblical preface, and a lame children's novella called Red Dog. With his fans clamoring for more of the same, and detractors eager to prove him a one-hit wonder, it's little surprise...
Even by the buttoned-up standards of central bankers, Alan Greenspan is not an effusive man. But one economic phenomenon has driven the U.S. Federal Reserve Board Chairman to reach for the superlatives: in March, he marveled at the "extraordinary" efforts of China and Japan to prop up the dollar by pumping money into U.S. bonds. Japan's accumulation of U.S. securities, he declared, was "awesome." Indeed, in the first three months of this year, China and Hong Kong bought $167 billion of American securities (primarily U.S. treasuries and corporate bonds), while Japan bought $336 billion worth, according...
Reagan had his own plan. When he asked the voters whether they were better off than they had been four years earlier, he was aiming at a continuing phenomenon known as stagflation, an inflation that had climbed to 13.5% in Carter's last year while the economy remained stagnant. The new Congress gave the new President what he most wanted, a 25% tax cut over three years and a $35 billion cut in the budget. At a time when many economists were arguing that America would just have to learn to live with 10% inflation annually, Reagan reappointed inflation fighter...
...notes that she has observed the same phenomenon among other minority groups on campus, as well, with many coming from relatively privileged families...