Word: excessions
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America's skylines once stood as stirring symbols of progress and prosperity. Yet in many cities the glass-and-steel monuments have now come to represent wretched excess. During the past five years, U.S. developers have constructed a breathtaking surplus of office towers, condominium complexes and hotels. In Los Angeles, a rusting, 17-story framework of steel girders on Wilshire Boulevard has stood idle for three years because of collapsed condo prices. Denver's tallest building, the 56-story Republic Plaza office tower, is only half rented despite such amenities as a concierge, an Italian-marble lobby, a car wash...
...second shock to the real estate industry was the decline of the condominium market. Until only about a year ago, the U.S. was crazy for condos. More than 2.5 million units opened in a decade. But that produced a vast excess of supply, notably in California, Texas and Florida. Speculators who had bought condos in the hope of fast price appreciation saw the shakeout coming and dumped even more of them on the market. At the same time, demand was dampened by the maturing of baby boomers, many of whom now aspire to move from condos to split-level suburban...
...clue may exist. Spectrographic studies of Sirius A, the German researchers note, show that it has a metallic content higher than normal for stars of its type. The excess metal, they say, could have been showered on Sirius A when its red giant companion collapsed and exploded. The fact that no other evidence of an explosion exists, and that most astronomers say it should, does not disturb Schlosser. "Because of Sirius," he says, "we may have to change our theories about the life and metamorphosis of stars." --By Leon Jaroff. Reported by Andrea Dorfman/New York and William McWhirter/Bonn
Conventional wisdom has it that late Romantics were given to excess. But aside from a few interpolated (and exciting) high notes, there is nothing egregious about the performances. Indeed, as contemporaries of many of the operas--De Reszke was born in 1850, the year of Lohengrin's premiere--the old singers project a freshness and an unforced vitality that are often lacking today...
...made millions figuring out how to profit from other companies' excess goods, and now the CEO of Overstock.com has set his sights on making sure public schools spend their money wisely. Appalled by bloated administrative and bureaucratic expenses, Patrick Byrne is championing state initiatives that would require schools to spend 65% of their budgets on teachers' salaries and other classroom costs. The national average is 61.5%, and only four states--Maine, New York, Tennessee and Utah...