Word: overextends
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...lost a combined $58 million in the first quarter of 1997, while most big carriers enjoyed sky-high profits. "You have to find a niche and stay with it," says Bob Reding, Reno's president and CEO. "A lot of start-ups try to grab too much, and they overextend themselves...
...fully funded, and high-income students pay full freight, but it's the middle class that really has a hard time," says Rosovsky. Increasingly, institutions are divvying up their limited funds into skimpy partial-aid packages rather than full grants -- a practice known as gapping. This leads students to overextend themselves by taking on unadvisably large loans or excessively demanding jobs. Both Reed College in Portland, Ore., and Amherst College in Massachusetts, for example, will ask their financial-aid students to kick in about $500 more than last year, either from loans or campus employment...
...deflate an optimist. The optimist will say that such-and-such commodity, although long on the market with a steady rate of buyers, still has a growth capacity in the millions. The realist will counter that the commodity is in fact a "mature product," and if it tries to overextend its natural reach, it will either flop, twist itself out of shape, or both...
...soldiers on. But both his reticence and his unwillingness to take firm policy positions leave the impression-and hence add to the reality-that he is not in control. The professionals who work with him can only hope that those who have usurped the department's role might overextend themselves, and thus let the pendulum of power swing back toward State...
...companies, which want to explore offshore. China already has credit lines totaling $8 billion from the British and French, and will need perhaps as much as a total of $40 billion over the next few years. But Peking is understandably cautious. Says Blumenthal: "They are determined not to overextend themselves...