Word: overbuilt
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...bottom? "There's certainly going to be rough sledding ahead in the casino industry - Vegas is overbuilt and Atlantic City has its problems with a lot of [regional] competition. That's precisely why they're selling at the values they're selling at," says Icahn...
...Boomtown), a funny show, with taut dialogue and a distinct sense of place. Its supporting characters are a riot of wiseass agents, sardonic thieves and big- and small-time hustlers. Its Harlan County is both timeless and of the moment, plagued with meth heads and skinheads and littered with overbuilt developments left over from the housing boom. (The fourth episode moves the action to Los Angeles as Givens chases a fugitive from his past. It's excellent as well, but the sunny setting changes the tone so much, to the lighter hard-boiledness of Leonard adaptations like Get Shorty, that...
...developed world's did. It has thrown buckets of practically free money at state-owned banks, which in turn loaned it out to mostly state-owned companies in a wide range of industries. Banks also loaned money to real estate developers, who have added inventory to what were already overbuilt residential and commercial markets in several major Chinese cities. And now the government has turned around and acknowledged that the mind-bending surge in bank lending - by June of this year, total lending exceeded the amount for all of 2008 - has done nothing to rebalance China's economy between consumer...
...there is still pain - particularly among developers, and the big banks that financed them - because of just how overbuilt urban China has become. Ren Zhiqiang, the Chairman of the Beijing Huayuan Group, a large developer, estimates that it may take to two to three years to work off the existing inventory in residential property across the country. Analysts estimate that there are now about 200 million sq m of constructed but unsold apartments and houses in China, and Ren worries that figure will continue to rise without "tangible, positive incentives" for new buyers. (See pictures of China's demographic patterns...
...touch of sadness hung by the Ohio River across from Louisville. The occasion marked the waning of the era of riverboat building, if not its end. Jeffboat, Inc., once launched up to 15 barges a week. This barge, a grain vessel, was the last. The inland waterway fleet is overbuilt and underused, and Jeffboat, its work force reduced to 70 from a 1981 peak of 2,300, will retreat into the repair business. Jeffboat folds up what Manager John Briley of the Ohio River Museum in Marietta calls ''the last major shipyard'' on a river that once boasted...