Word: succession
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Dates: during 2000-2009
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...dominated the early market for computers and software - creating a record for "fastest start-up to reach the Fortune 500" - it rapidly lost the market. The rise of the IBM-compatible PC a decade later, which ran Microsoft's operating system, smashed Apple. The key to the PC's success and Apple's downfall was that the open-standards-based IBM-compatible PC created a platform for third-party hardware and softwaremakers to ply their stuff...
...book, to be sure, recounts Buffett's remarkable accomplishments as a businessman. And it affirms the image of Buffett as a peculiarly American success story, the multibillionaire (Forbes just estimated his worth at nearly $50 billion) with an aw-shucks aura. There is the Buffett who insists on carrying his own luggage even when flying by private jet. The Buffett who as a teenager got C's and D's in school and stole golf equipment from Sears, yet also filed his first tax return, for $7, deducting his wristwatch and bicycle as expenses in his newspaper-delivery business...
...best predictor of college success is not the SAT, but rather tests that examine knowledge of a standardized curriculum, such as SAT subject tests, said Fitzsimmons, who over the past year led a commission of leading admissions officials that is recommending that colleges rely less...
...said another possibility may be to “develop broader-based, curriculum-based tests” to serve as better predictors of college success...
...Some states have tried to establish their own standards for truth in political advertising, but with little success. Washington State passed a law in 1984 that made it illegal to sponsor campaign commercials that knowingly "make a false statement of material fact." Violations could incur fines of up to $10,000 for each instance, and could also result in election outcomes being voided. After 14 years, the Washington State Supreme Court ruled the law unconstitutional, prompting one of the dissenting justices to complain that it was "the first court in the history of the Republic to declare First Amendment protection...