For more than two decades, Barry Diller has been among the most respected - and feared - figures in the entertainment industry.
From Alex Berenson
Good spectator sports share certain fundamentals. Their competitors battle head-to-head. Their winners are determined objectively: fastest runner, most points. They are refereed, not judged.
Downhill track sports like luge are technology battles, as exciting as a NASCAR qualifying day.
Plumbing is usually boring.
Many newly public companies are able to post a year or two of strong sales growth off a small base, but their growth almost always slows over time, thanks to what investment professionals call 'the law of large numbers.'
Big swings in the wholesale price of electricity are not unusual in the summer, when high demand taxes generators' ability to supply power.
For as long as anyone can remember, reliable, cheap electricity has been taken for granted in the United States.
Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.
Big companies, which spend tens of billions of dollars annually on 'call centers' to take orders and provide customer support, increasingly rely on speech recognition not just to handle requests for information but to process customer orders.
Technology investment drove growth in the 1990s, both directly and by fueling a rising stock market that led to increased consumer spending.
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