Word: boom
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...with size and wealth have come some other characteristics of the business world: bottom-line thinking, firms that go bust as well as boom and charges of ethical misconduct. "Many lawyers say that law has always been a business," explains Stanford University Law Professor Robert Gordon. "Now it's just acting like one." Some of the changes are of consequence mostly to lawyers, who can no longer count on the clubbiness of the past. But there are wider implications too. Not quite a calling, but more than a business, can a legal profession driven by market forces fulfill its role...
PROFESSOR MOSCHITTA is best at using examples to bring theory home to students. He illustrates survival of the fittest with the evolution of tougher puff balls; he shows supply and demand with the "boom or bust beet/brussel sprout market...
What has come to be known as gentrification -- the migration of (mainly white) middle-class homesteaders into poor (mainly black and Hispanic) urban neighborhoods -- is neither the cause nor an effect, exactly, of the historic renovation boom. But the two trends have abetted each other. The original '60s militants of the preservation movement were the shock troops of the upper middle class, and it was a broader swath of the same class who in the '70s made living amid urban antiquity seem both virtuous and stylish. Restored carriage houses and pressed-tin ceilings have seduced more children of the suburbs...
...rally is also a response to continued poverty in this state despite the recent economic boom, according to organizers. During 1985, 56 percent of all Massachusetts single parent families were below the poverty line and 47 percent of families at poverty level received welfare payments, according to Christmas...
...that write-off is too generous. Earlier this month the House Ways and Means Committee adopted a $12.3 million tax-increase package that, among other measures, would finally put a cap on the deduction, limiting it to the first $1 million in mortgage debt. But why not lower the boom even further? As Committee Chairman Dan Rostenkowski pointed out, "With the people I represent, if you talk $75,000, you're talking big money for a home." A sensible limit might...