Word: boom
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...more I hear about such natural disasters, the more helpless I feel. There hasn't been such a slew of tragedies holding the media's attention since the big disaster movie boom of the 1970s when sharks, infernos and ship wrecks covered the movie ad pages. Perhaps the fact that so many natural disasters occurred within one short time period is just some sort of bad coincidence. But the fact that so many of these disasters are considered worst-evers in their categories probably has a more real-world cause...
...entrepreneurs know that if they succeed they can reap far greater financial rewards than can the most generously salaried worker. An estimated 2 million U.S. men and women are millionaires, and nearly 90% of them earned their fortune by starting their own firm. The small-business boom shows no signs of slowing. Even last October's stock-market crash discouraged start-ups only briefly. Jane Morris, editor of the Venture Capital Journal, reckons that venture funding for new enterprises this year may surpass last year's record of $3.9 billion...
...proponents of the entrepreneurial boom, the complaints are sour grapes and nonsense. They point to the starring role that small firms have played in recent U.S. economic growth. Since 1980, as the biggest U.S. industrial corporations have restructured, cutting their payrolls by some 3.1 million workers, small companies have created more than 17 million new jobs. The Reagan Administration estimates that firms with fewer than 500 employees accounted for 63.5% of all new employment between 1980 and 1986. Small firms have also contributed to the resurgence of U.S. manufacturing exports. In a study of more than 400 small high-tech...
...sedentary '80s. The interplay between Ronald Reagan and shifting cultural attitudes has created a new orthodoxy of patriotism and restraint: Viet Nam (a noble if tragic cause), drugs (just say no) and sex (play it safe). As the pendulum swings to the right, woe betide any baby-boom politician who spent the '60s doing anything more daring than swallowing goldfish and doing the Frug. Before the nation gives way to a new slogan, "Don't Trust Anyone Under 45," it is fitting to ask what are the appropriate standards by which to judge baby boomers who aspire to national leadership...
...protesting what one believed was its march toward folly. Says Sociologist Jerold Starr, the editor of a widely praised academic curriculum on Viet Nam, "The principled act was to make a choice about your commitment to the war, and not pretend it was just something happening in Washington." Baby-boom politicians should continue to be questioned about Viet Nam, and deserve the consequences if it turns out that their primary response to the anguish of the age was self-absorbed apathy...