Word: relics
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Dates: during 2000-2009
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...many ways, gold lust is a relic of the bad old India?an India of weak investor rights and shaky financial systems, where people distrusted banks and the stock market and preferred to store their wealth in tangible assets, chiefly gold and property. The recent economic boom has given Indians a range of sophisticated and relatively secure financial instruments: mutual funds, stocks, bonds, even abstract art. Richer Indians are, indeed, diversifying their investments. "At the top end of society, yes, [gold] consumption is beginning to decrease," says K. Shivram, a vice president of the World Gold Council in Madras...
Stocks have momentum again, and even though the market cooled a bit last week, some on Wall Street are daring to speak of--gulp--a record-high Dow Jones industrial average, which is just a 9% gain away. Yet even if that pans out, here's one bull-market relic that won't be making a comeback anytime soon: the celebrity mutual-fund manager...
Gift bags are a world in which few, really, can imagine the pressure. But they are already a relic, having evolved into the gift lounge. At Sundance this year, the gift lounge?and Keanu Reeves' shocking decision not to take anything from?it got more press than any of the festival's movies. Distinctive Assets makes the lounges cool places to hang out, with amenities such as a bar, video games, cigars, a pool table and a masseuse. ? We're somewhere for the talent to go while they're waiting to go onstage,? says DA's president, Lash...
...traditional retirement system, built on Social Security and defined-benefit pension plans, is an expensive relic of the 20th century welfare state. It discourages the creation of new jobs and encourages overseas outsourcing of existing jobs. And it also puts retirees in the vulnerable position of being dependent on inadequate government benefits and unreliable company pension plans. A system based on privatized Social Security and defined-contribution plans such as 401(k)s would be less expensive, allowing businesses to better compete in the global economy. Granted, that shifts more of the retirement burden to the individual worker, but that...
...sainted for anonymous gift giving to needy folk, and nominated a guardian of seafarers. After his bones were removed by Italian raiders to the port of Bari in 1087, prisoners, prostitutes, pawnbrokers and others flocked to his patronage. Soon, every Christian city wanted a piece of him, and relic hunters provided fingers, hair and teeth upon which to build churches. Reaching Amsterdam around 1300, he eventually became a supplier of goodies to kids, as shown in the 1907 postcard at left. And it was Dutch pilgrims who took him to America, where, in 19th century New York City, frothy writers...