Word: plateau
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...remote places like Antarctica still exist as true wilderness: the Queen Elizabeth Islands in the Canadian Arctic, pockets of the Mato Grosso bush in central Brazil, bits of the Tibetan Plateau. Much of this wilderness is so huge and empty and emphatically inhospitable that it is difficult to picture its ever succumbing to the crush of civilization. But the same could have been said of the Grand Canyon in 1869, when John Wesley Powell braved murderous rapids and myriad other hazards to become the first man to navigate the Colorado River...
...hard to blame the dot.coms for wanting to make some noise. They know that for every AOL, 10 dot.coms are going to be DOA before the frenzy is over. Within a few years, the windfall could end for old media too. Dot.com spending is expected to plateau once the winning companies are in command and more consumers shift to the Net. It could result in an Internet take on an old Marxist theme: When new media arrived to hang old media, the networks sold them the rope...
...rocks and villagers picked it up and wove it into shawls." That is a quaint--and popular--delusion. The wool of a goat is combed and woven into pashminas. But the superior wool of shahtooshes is harvested from dead chirus, an endangered antelope that resides on the Tibetan plateau. An estimated three to five chirus are killed for each shawl...
Population will keep soaring in less developed countries, North America's will plateau, and Europe's will start to fall...
Glassman and Hassett are a different breed. They predict that the Dow will go to 36,000 in short order, gaining something like 35% a year for the next four years. Now there's a thin bough. They believe investors are revaluing stocks to a permanently higher plateau. It's a fun argument but boils down to familiar ground: diversified portfolios are superior and safe if held for long periods. A growing awareness of that idea is bringing more investors into the market at ever higher prices, inflating the average stock's price-to-earnings multiple from...