Word: rising
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Dates: during 1990-1999
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Certainly, some of the smaller outfits will make it--there's always room for niche players, as the rise in focused Internet funds proves--but it is likely that the business will never again have the same kind of lock on the retail investor. Jokes veteran portfolio manager Martin Whitman of the Third Avenue Value Fund: "You haven't seen a more speculative, irrational market in years. The inmates are running the asylum." The industry just hopes that, sooner or later, it can get them back in line...
TAKE A HIKE The more crowded our cities and suburbs become, the more we love to get away to the woods. Target Travel Club reports that 48% of families it surveyed like to pitch a tent as part of their vacation. Visits to national parks continue to rise, to a projected 295 million this year from 256 million in 1989. Besides the essentials, campers and hikers increasingly are packing such high-tech gizmos as night-vision goggles and hand-held global-positioning units that help Dad lead the way home without bread crumbs...
...rise in the popularity of e-mail has alsoridden an associated boom in computer use oncampus...
...Although Harvard fell to eventual league-champion Dartmouth in its final game, 1998-99 left the impression that the Crimson will quickly rise to the top of the league again...
...Certainly, the team faced a number of challenges and, at points, it seemed as though we had let them win," Hodge said. "However, the last few weeks of play proved to us that we could rise above these challenges...