Word: slide
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Dates: during 1990-1999
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...cultural dinosaurs. Some are already extinct: within the past decade, major ensembles have collapsed in cities as disparate as Oakland, California; New Orleans; Denver and Birmingham, Alabama. Endowments have been tapped and seasons shortened; crowd-pleasing pops concerts have been added and community-outreach programs established. And yet the slide continues. Gathering last month in New York City for their gloomiest convention in years, the members of the American Symphony Orchestra League heard a stark message: Change...
...irony is that the accelerating slide into irrelevance comes just as the banks racked up record profits of $43 billion over the past 15 months, creating the impression that the industry is staging a comeback. But that income was not the result of smart lending decisions. Instead of earning money by financing America's recovery, the banks mainly invested their funds -- on which they were paying a bargain-basement 2% or so -- in risk-free Treasury bonds that yielded 7%. That left bank officers with little to do except put their feet on their desks and watch the interest roll...
...there is nothing useful to say. This is not because the deaths are meaningless but because their meaning seems alarmingly personal. They raise the sort of dust that stirs in every mountaineer's sheaf of recollections: soft snow breaks out from under your boots on a steep slope. You slide, gaining speed. Then some mountain god flips a coin, and it comes up heads. You stop sliding, safe as a baby, a few yards above a long drop. Nothing...
...grading allows instructors--of all ranks--to slide by without doing much of anything; it's easy to give a paper an A and write no comments. But a stricter policy would force all teachers to examine and criticize work more carefully. Giving high grades for mediocre work fosters contempt for the instructor, the field, the institution, and academia in general...
...liquid funds left: they hold nearly $3 trillion in low-yielding investments like bank CDs and are likely to continue moving them into stocks. Even if share prices start to tumble, experts say, fund managers and cash-rich individuals will swiftly scoop up bargains and thereby halt the slide before it can erode the market 20% -- the level that indicates a bear market has begun. Last Friday the market closed at 3437.19, up 9.64 points for the week and down 41.42 points from its April 16 peak...