Word: gluttingly
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...glut of offices, condos and hotels threatens builders and lenders. Coca-Cola is under pressure again. Grim reapings for farmers...
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...
Amid the incessant procession to the disabled list and the glut of deflating defeats, however, there were several bright spots for Harvard...
...landscapers and decked out in tents and stages and banners, they become the centerpieces of the school’s famed pomp and circumstance, the sacrosanct, stately grounds of the old academy where Latinate phrases and laminate cards, heartfelt hugs and Kleenex, and clicking cameras abound. Of course, the glut of decoration aside, the scenes those cameras capture seem more real, painfully, bittersweetly real, than anything else that happens at Harvard. But what those graduation photos miss is a piece of reality underneath it all, the beautiful truth of Harvard beneath all the chairs and the caps and gowns...
...would hurt some producers much more than others. Guillermo Bedregal Gutierrez, the Bolivian Planning Minister, says the fall in tin prices could cost his poverty-ridden country $180 million a year in lost foreign-exchange earnings. But Thailand and Malaysia have managed to cushion themselves against the recent market glut and falling prices by steadily diversifying their economies...