Word: phenomenons
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...players in the industry. Although no one disputes the artistry and creative brilliance of the major Japanese talents, young Americans and Brits are the ones who have been named to take over the great Paris fashion houses. Anna Wintour, editor of American Vogue, has a succinct explanation for the phenomenon: "It's because their clothes aren't commercial enough: they're too difficult to wear...
...phenomenon of the driven child has been coming for a while, but it was in 1994 that the new breed was truly born. That was the year the Carnegie Corp. published a 134-page report describing a "quiet crisis" among U.S. children, who it argued were being ill served by their twin-career parents and their often failing school systems. The report's findings were worrisome enough, but buried in its pages were two disturbing paragraphs warning that schoolkids might not be the only ones suffering; babies could be too. Young brains are extremely sensitive to early influences, the report...
...fellow Disney subsidiary Hyperion Books for Children to help publish and market the new contender, insists that its strenuous efforts on behalf of Artemis Fowl (277 pages; $16.95), which goes on sale in the U.S. this week, have little to do, at least intentionally, with the Harry Potter phenomenon. "It's not the next Harry Potter," says Talk Miramax editor in chief Jonathan Burnham. "But the book trade has said to us, 'Well, this is great, because this year there's no new Harry Potter.' So the audience that there is for Harry Potter is hungry for adventurous, daring stories...
When interest rates on short-term government debt shoot past those on long-term bonds, it is a phenomenon known as an inverted yield curve. And it's bad. Normally, investors with longer-term debt receive a higher interest-rate payment than those holding shorter-term securities. That's because there is a bigger risk that inflation will hurt the value of a 30-year Treasury bond over time...
...David Lee, editor of the Jackdaw arts newsletter and a former editor of the London-based Art Review. "The problem with Kinkade's work is that he's not actually a very good painter." But unlike some members of the art establishment who dismiss Kinkade as a purely commercial phenomenon, Lee thinks that because of his success, Kinkade deserves to be taken seriously. "I wouldn't have said that what he's doing, simply because he's clamoring for the lowest common denominator of taste, is any worse than what Tracey Emin does when she exhibits her bed," he says...