Earlier this month a woman drowned at Northcott Mouth beach, near Bude, one day after the RNLI stopped its summer "peak season" lifeguard cover for rural beaches.
He was too late to apply for a permit to climb that year, government officials said he could not climb Everest if he hadn't climbed a 6, 000-meter peak and insurance companies originally said they would not cover him.
It is worth remembering that today's rosy estimates of fiscal surpluses cover a decade when America's baby-boomers are still at the peak of their earning power.
When private equity fund raising was at its peak, Forbes wondered about the ''mad rush to private equity'' in a March 2006 cover story, questioning the wisdom pension funds and endowments were showing.