Word: franked
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...Whether they come from Russia, India, Asia or America, wealthy foreigners head for just a clutch of the city's most prestigious addresses. The U.K.'s housing market is slowing, but so far sales of premier homes have been unaffected, realtors say. According to Knight Frank, demand for homes in neighborhoods such as Belgravia, where Russian billionaire Roman Abramovich lives, Knightsbridge, the home of Harrods, and Mayfair, where the black-Amex set get their suits made at Savile Row, pushed the prices of prime real estate up by almost 40% between the summer of 2006 and summer...
...customary now for cities to use the arts as an engine of growth. Dallas is in the process of completing a whole arts district. Abu Dhabi is planning a vast one. But long before there was a Bilbao effect - the revitalization of that scruffy Basque port by Frank Gehry's Guggenheim Museum there - New York had learned to use a cultural institution for urban renewal. In the 1940s and '50s, large areas of Manhattan's Upper West Side were slums, the turf of the warring street gangs that Leonard Bernstein made famous in West Side Story. But by the early...
...East Dawning restaurants don't offer overtly American fare but still attract Chinese consumers because of the quality and service associated with an American brand. The formula developed by Yum's other banners overseas--cheap food delivered in cheerful surroundings--has provided a welcome mat for the company. Diner Frank Li, a project engineer on a trip from Suzhou, says the restaurant's link to KFC and Pizza Hut is a draw, not a drawback. "Those places are good quality," he says. "You know what you're going to get. They are a very professional company that must know what...
This explanation of infatuation was devised by the economist Robert Frank on the basis of the work of Nobel laureate Thomas Schelling. Social life is a series of promises, threats and bargains; in those games it sometimes pays to sacrifice your self-interest and control. An eco-protester who handcuffs himself to a tree guarantees that his threat to impede the logger is credible. The prospective home buyer who makes an unrecoverable deposit guarantees that her promise to buy the house is credible. And suitors who are uncontrollably smitten are in effect guaranteeing that their pledge of love is credible...
...Kerry said. “And any university with a multi-billion dollar endowment such as Harvard has an even greater responsibility.” Students who attended the event said Kerry’s speech was refreshing for its candor. “He was very frank about how the politics surrounding climate change have unfortunately frustrated good policy,” said second-year law student Andrew A. Friedman. —Staff writer Natasha S. Whitney can be reached at nwhitney@fas.harvard.edu...