Word: glut
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Dates: during 1990-1999
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...some Manhattan and Toronto locations. But the most serious problem facing the family enterprise is London's $6.9 billion Canary Wharf project. A 71-acre office complex in the out-of-the-way Docklands area, it is the largest commercial property development in Europe. London faces a glut of 40 million sq. ft. of unused commercial space, though, and 40% of Canary Wharf remains vacant. Even that figure is deceptive, because many of Canary Wharf's tenants only signed on when O&Y offered to buy out their existing leases and pay their relocation costs...
...shortages of oil and the depletion of energy is not occurring. Instead of an oil crunch, we have an oil glut and population growth has slowed. Economic factors are part of all of these," said Allen Sinai, chief economist of The Boston Company, Inc. "The doomsday scene and devastating shortages predicted have never come to pass...
...HOSPITAL GLUT...
...even qualify as an outcast Bernard Baruch. Lansky's best investments -- in the gambling hotels of Las Vegas and pre-Castro Havana -- were either sold too early or held too long. Like other Florida retirees, he saw his income from oil and gas leases greatly reduced by the petroleum glut of the early '80s. Lansky died in 1983. If there were secret millions, they do not seem to have changed the lives of his family. After a life limited by cerebral palsy, elder son Buddy died a pauper...
...left behind structural burdens that are likely to rob the U.S. of robust growth for several years. Among them: record federal deficits (the past fiscal year: $285 billion) and an orgy of overbuilding that has sent the commercial real estate industry into an out-and-out depression. The glut of empty office towers could take a decade or more to pare down. Beset by the | speculative hangover, the economy has expanded just 2.6% from 1989 through mid-1991. Economists predict that the economy will bump along at a sluggish pace of less than 3% a year through...