Word: costly
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Dates: during 2000-2009
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...Opponents are also concerned that Paris is now sacrificing heritage for economic gain. The government has struggled to shoulder the cost of upkeeping its $55 billion property portfolio, forcing it to sell off several historic palaces in recent years, much to the anger of some lawmakers. "These buildings ... are part of the historic and artistic patrimony of France and cannot be handed over to just anybody," legislator Lionel Tardy said during a 2007 parliamentary session. (Read "In the Paris Métro, Even Dead Legends Can't Smoke...
...reason Season 3 could offer that closure was that it seemed unlikely there would be a Season 4. But the low-rated, high-quality FNL has returned on DirecTV's 101 Network (Wednesdays, 9 p.m. E.T.), thanks to a continuation of its cost-sharing deal with the satellite company. (The season will air on NBC sometime next year...
There will be casualties. But REITs with access to capital could potentially pick up properties and mortgage assets at fire-sale prices. "[Well-capitalized REITs] are going to be the most competitive out there with their access to [low-cost] capital," says Tom Bohjalian, senior vice president and portfolio manager at Cohen & Steers...
Amidst a weakened dollar—which drove up the cost of foreign purchases—and skyrocketingcosts across the board, and a stagnant unrestricted budget, the Harvard College Library’s operating budget has “effectively” decreased over the past decade, according to Classics Professor Richard F. Thomas...
...Golden Arches are pulling up stakes in Iceland this week, and Icelanders pining for a Big Mac and large fries will soon be going hungry. The global chain says it is shuttering its three stores in the capital, Reykjavik, citing the collapse of the local economy and the high cost of imports. The closures aren't a first for the company: McDonald's has pulled out of Bolivia, Jamaica and a handful of other countries due to poor sales. But the setback is decidedly unusual for the world's largest fast-food chain. (See the 10 worst fast food meals...