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...there is no greater place for those with the "shop till you drop" attitude than Kittery, a town that is nothing less than the Mecca of factory outlets. In an utterly disgusting display of commercialism and poor community planning, more than 14 malls dot a three-mile section of Route...
...front of them, two women sit at one of the wooden-toned formica tables that dot the middle of the room. They wear trendy black leather jackets and puff on Marlborough cigarettes as they chat with a uniformed security officer. An English Beat tune plays in the background...
...Officially designated as one of the nation's poorest regions, the area is basking in a cocaine-driven economic boom that has helped fuel a surge in bank deposits. Lavish homes -- paid for in cash -- have been built fronting the Rio Grande, and luxury cars equipped with cellular telephones dot the unpaved streets of such towns as Roma and Rio Grande City. Hard-pressed lawmen fear that they can do no more than hold the line against the traffickers...
Portman is not the only highflying mogul to feel the harshness of a downward real estate cycle. In London and dozens of U.S. cities, the commercial- property market is reeling. Hundreds of empty office towers and abandoned construction sites dot downtown neighborhoods. In most places there is no new construction. Office rents are plunging, and vacancy and delinquency rates are soaring. Overleveraged developers are being forced to refinance their loans and offer sweetheart deals to prospective tenants -- free rent for a year, say, with an exercise room thrown into the bargain. Declares Richard Peiser, director of the Lusk Center...
...balloon goes up, winning will require more men and equipment than previously acknowledged. The Iraqis have dug deeper into Kuwait in recent weeks. Fortified bunkers and minefields dot the country, and a network of roads increases the mobility of Saddam's army. Barring a wholesale surrender of the 430,000 Iraqi troops stationed in Kuwait and southern Iraq, no force will liberate Kuwait without sustaining heavy casualties...