Word: runup
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...tried to soften its image by inviting the few Chinese citizens' groups based in the capital to participate in Games planning, especially on environmental issues. Is it all for show? Li Hao, an environmental activist, urges the city not to pave the beds of urban waterways in the Olympic runup. "I'm glad for the chance to speak," she says, "but I haven't seen a single person take my advice seriously." The next few months may give some indication of whether the promise of a New Beijing is real or as fake as the carnations lining its streets...
...tech runup of 1996-2000 was largely, Soros now says, a result of wrong ideas. Remember when folks predicted 200% revenue growth for Amazon.com in 2000? That was a mistake. The firm came in at less than half that. In Soros' mind, the beating that has hit Amazon and other stocks since then is the result of investors selling their mistakes. Soros among them. He hopped on the tech boat just long enough for his fund to sink 22%. As we said, mistakes break fortunes...
...Which it might. This could be the real thing - if not a recession, then at least some extended humdrums of 2 to 3 percent growth. Even if the tech sector can bottom out soon and adjust its expectations accordingly, there'll be no 43 percent runup in 2001, and no gold rush to go with it. And with no "wealth effect" for consumers and no market magnet for international investment, America's imperviousness to global slowdowns should be greatly reduced...
Christmas season, 2000: Rodney King rhetoric ("Can't we all just get along?") competes with language that sounds like the runup to the Civil...
...dollars a barrel, last week's high. And the prospect of stiff prices for heating oil this winter is already giving us a chill. Not surprisingly, share prices for the big three oil companies, ExxonMobil, BP Amoco, and Royal Dutch, have risen accordingly. If you missed Big Oil's runup, consider Not So Big Oil: companies such as Conoco and USX Marathon have been relatively ignored by investors, but they're turning analysts' heads. "These are companies whose profits have exploded while their share prices remain dormant," says Ed Maran of A.G. Edwards. While a company like ExxonMobil...