Word: generously
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Backed by eager investors and generous banks, developers failed to realize that they were collectively building too much. The amount of office space available and under construction in the 22 largest U.S. cities has reached 318 million sq. ft., or about as much as 150 Empire State Buildings. The glut has rocked the real estate business and the financial system by sending rents and property values plummeting. "We have overbuilt in this country on an unprecedented scale," says J. McDonald Williams, managing partner of Trammell Crow, the largest U.S. developer...
...total sales. Last March Burger King introduced a competitor, the Croissan'wich, and promoted it with a saturation TV ad campaign. Most other chains have now added at least some breakfast items, from French-toast sticks at Arby's to an all-you-can-eat breakfast buffet at some generous Roy Rogers outlets...
Many Colombians, who saw one heartrending human tragedy after another on television, were less generous. Some drew parallels between the government response to the volcano and the Nov. 7 crisis at Bogotá's Palace of Justice, where 100 people, including eleven Supreme Court justices, died during a furious gun battle between troops and M-19 guerrillas. "The army lost no time in blowing up the Justice Palace," says a Bogotá lawyer bitterly, "but they couldn't get a water pump to Armero to save the life of a little girl." Indeed, 13-year-old Omaira Sanchez had become a national...
Meyer defends the compensation system but notes that it is less generous than most private sector firms, thus making it harder to attract managers. And HMC’s troubles may only increase with the cap on maximum compensation set by its board in March...
...federal government’s limited definition of “chronically homeless” prevents some Cantabrigians from accessing the help they need. And poor individuals continually flock here from across the Greater Boston area, attracted by the perception that students, tourists, and affluent Harvard Square residents drop generous donations in panhandlers’ cups...