Word: rails
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Dates: during 2000-2009
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...John Moody became the first financial analyst to assign letter grades to railroad bonds, giving investors an easier way to evaluate the rail companies' debt. It was the beginning of one of the most powerful forces in modern capitalism. Today a small club of bond-rating agencies, led by Moody's, Standard & Poor's and Fitch, wields enormous power, sending investors scrambling simply by changing the ratings that the firms assign to everything from Ireland's sovereign debt to General Electric's IOUs. They are pilloried for having wildly overestimated the quality of mortgage-related securities...
True. You can't really rail against Bush now that Obama is President. The country is taking a different direction. Now we can have more of a sense of lightness with our humor. We can have more fun. It's like a chance to expand artistically. Comedy is going to change. This is my way of embracing the change...
...other places. New York malls have held up relatively well. Xanadu's location, amid the confluence of some of the country's most congested road arteries, should also help. Surely a few curious drivers will want to check out the mega-mall. Plus, the state has built a rail line to the site; it's now just a 23-min. ride to Xanadu from Manhattan. Traditionally, city residents without cars cringe at the thought of crossing the Hudson to the Meadowlands, since public transportation to the site has been so abysmal. (See 10 things to do in New York City...
...More probable and more spectacular will be what I have termed the human singularity. In our lifetimes, Asia will make untold investments in roads, rail, ports, sanitation, power, water, and schools. In a case of leapfrogging, it will build only the most modern incarnations of infrastructure: adopting nuclear power fast, building advanced sewer systems in the first place, and incorporating technology in its schools from day one. In a not-so-distant generational quantum leap, literally billions of well-fed, well-read, well-entertained, and well-capitalized young men and women will suddenly enter the matrix of humanity with heightened...
...match the glamour of Rio de Janeiro, but the city of 20 million people is a truer and smarter reflection of Brazil's bandeirante (pioneer) character. This year, work will start on the hemisphere's first bullet train, which will eventually link the two cities. High-speed rail won't mask all Brazil's flaws. But it does show, perhaps, that the country of tomorrow has a brighter future...