Word: rayed
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Dates: during 1990-1999
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Murphy's troubles started in 1990, when he was fired from his job as a warehouse foreman in Kansas City, Missouri, for being sick too much. Suffering from what he thought was pneumonia, he got a chest X ray, which showed that his heart was greatly enlarged. He was told he would need a transplant and placed in intensive care...
Then, over the last few days, another business shut down--and this time, it was a regular store, not just a kiosk. Or was it? Melanie Ray, the Harvard Real Estate vice president charged with overseeing the Shops, claims the store, Keely's Kites, was actually meant to be a kiosk. And kiosk tenants, she says, are only meant to stay around for three to six months, and then either expand or "move...
...Ray denies any trouble and says the rapid turnover is to be expected. "We feel it's important that we remain as flexible as we can," she says. "Because its experimental, you don't know what mix will work." The fact is, though, that renting and re-renting shops every three to six months is a very expensive way of doing business. And no smart landlord wants as rapid a turnover as that...
...promoting a glossy image and accompanying steep rents--Ray says the Shops charge tenants anywhere from $35 to $60 a square foot--Harvard is practicing bad business and encouraging entrepreneurs to sell wares which nobody really wants. If the University wants to save the Shops--and it can--the answer is to lower the rent and fill the mall with stores students will want to frequent...
...White House's revolving door is spinning again, causing new headaches for an Administration with a spotty hiring record. In: a new Pentagon head, Deputy Defense Secretary William Perry. Chosen by President Clinton to succeed Les Aspin, the widely respected Perry steps in for Bobby Ray Inman, who abruptly withdrew his candidacy two weeks ago. Out: the second highest official in the Justice Department, Deputy Attorney General Philip Heymann, who resigned after citing "chemistry" problems with Attorney General Janet Reno...