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...highest in Texas: "The trend line is good." The Lone Star State, like the rest of America, is reeling from what many experts consider the most glutted commercial real estate market since the 1930s. The culprit: the 1980s, of course, during which U.S. office space doubled, to 5.38 billion sq. ft. In city after city the industry is overleveraged, overbuilt and underleased. At 540 million sq. ft., the unrented space across the country equals the total space available in 10 Bostons. That translates into an annual industry loss of $65 billion in lost property values. Downtown vacancy rates...
GATOR BOMBS. A version of cluster bombs, they explode in midair, scattering small, hard-to-detect mines over a region as large as 90,000 sq. yds. Under normal conditions, a soldier might be able to sidestep these explosives, but in the heat of battle, there is a tendency to leap without looking. The gator bomb thus can create panic among the enemy...
...centimillionaire founder of the Domino's Pizza chain (1990 revenues: nearly $2.7 billion). Monaghan, an architecture aficionado and leading collector of Frank Lloyd Wright artifacts, has decided to abandon his $5 million dream house. Even though it was one- third completed, Monaghan halted construction of the 22,000-sq.-ft. mansion in Ann Arbor, Mich., which he had intended to be the keystone in a development of exceedingly expensive mansions designed by eminent architects. The pizza tycoon, who is shifting his attention toward charitable works, felt he could no longer justify spending so much on a personal whim. Said...
...with almost none for the environment. Since the gulf war began, allied planes and missiles have pounded Iraqi chemical- weapons plants, situated about 25 miles northwest of the Shi'ite holy city of Samarra, that manufacture mustard gas and nerve agents. Because the plants are surrounded by a 25-sq.-km (9.6-sq.-mi.) "exclusion zone," the likelihood of a deadly plume invading populated areas is small. Explosives would also tend to break the gases down into less deadly substances. Harmful chemicals that penetrated the soil would disappear without a trace within a few weeks at most...
...rustic time warp? Yes. Not far away from the Pine Grove schoolhouse sit two wooden outhouses and the old pickup Cal Phipps drives to school. He is only 13, but there is no school-bus service. Jordan -- nearby by Montana standards -- is the seat of Garfield County, 4,500 sq. mi., where the cattle outnumber the 1,600 humans and the flatlands are ribboned with cliffs called the Missouri Breaks. No one from Pine Grove in recent memory has ventured so far as Chicago for college, and Los Angeles might as well be Pluto...