Word: price
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Dates: during 2000-2009
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...profane, telling quote--the high-noon drama of the meltdown. When Morgan Stanley CEO John Mack tells Lehman boss Dick Fuld, "There are rumors that you guys are in trouble," Fuld, the "Gorilla of Wall Street," answers with tough-guy bravado, "It's bullshit." Lehman's stock price was soon in free fall...
Apart from his wife, the pivotal figure in Carver's adult life was Gordon Lish, an influential fiction editor at Esquire magazine who later became a power in book publishing. In 1970, when Carver was 32, Lish gave him his first crucial exposure in Esquire--but at a price. He revised Carver's manuscripts extensively, cutting out whole pages, changing titles, expelling lyrical passages and moments of uplift. The result was a set of stories more terse and elliptical than the originals, more "minimalist," which was how Carver's early style came to be known...
...green cleaning is to use liquid carbon dioxide. CO2 is nontoxic - thankfully, since so much of it is in the atmosphere. In CO2 cleaning, clothes are put in a vacuum chamber with gaseous and liquid CO2, which dissolves dirt and oil. The drawback here is price: a new CO2 dry-cleaning machine can run more than $100,000. Cleaning green "does take longer and cost more," admits Kistner. How much more? Green Apple charges at least $6.16 to clean a shirt using wet methods or CO2. (See TIME's special report on the climate change summit in Copenhagen...
...People's Republic beginning in the mid-1960s. Cheng was an improbable survivor of Chairman Mao's brutal campaign, a porcelain-boned diplomat's wife who spent the precommunist years swathed in silk. Yet as she recalled in her best-selling account, she would learn to "fight, whatever the price...
...Equities bears maintain that the recent stock rally has already outrun fundamentals and that stocks are no longer cheap. To be sure, based on projected operating earnings for all of 2009, S&P 500 companies are trading at an average price-earnings ratio of nearly 19, higher than the long-term historical average of 15. But basing stock values on 2009 data is inappropriate. This year saw the bottom of the worst recession since World War II. What is relevant for determining stock values are future earnings, not past earnings. Next year's operating earnings for S&P 500 companies...