Word: sweetening
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...prospectus offered by the lead investors, Tishman Speyer and Larry Fink's asset-management fund BlackRock, imagined evicting 50% of rent-regulated tenants in just a few years. But tenants fought back and won in a court decision that also undercut plans for using city tax abatements to further sweeten returns on apartments pushed into luxury decontrol. The upshot, according to a recent Deutsche Bank analysis, is that the property, purchased in late 2006 for $5.4 billion, "would fetch less than $2 billion if sold into the current dislocated market." It added that the most natural buyer was MetLife...
...first artificial sweetener, saccharin, was discovered in 1879 when Constantin Fahlberg, a Johns Hopkins University scientist working on coal-tar derivatives, noticed a substance on his hands and arms that tasted sweet. No one knows why Fahlberg decided to lick an unknown substance off his body, but it's a good thing he did. Despite an early attempt to ban the substance in 1911 - skeptical scientists said it was an "adulterant" that changed the makeup of food - saccharin grew in popularity, and was used to sweeten foods during sugar rationings in World Wars I and II. Though it is about...
Cadbury swiftly dismissed Kraft's bid as too low, but speculation is running rampant on Wall Street that Cadbury is now in play and that either Kraft will sweeten its offer or another rival, such as Hershey, will step up. Industry experts speculate that bidding could exceed $21 billion before a merger is clinched. Read "Chocolate, Meet Choco-Luxe...
...cost upwards of $9. But nowadays, Congress would much rather reward than penalize, and bribery as policy has a modern elegance to it. Cash for Clunkers didn't involve intricate algorithms or a 1,400-page appropriations bill. The only debate was over how much sugar was needed to sweeten the pot. That first billion was supposed to last a few months; when it ran out in a week, a bipartisan coalition voted to squirt $2 billion more into the pipeline. Here, finally, was stimulus policy Americans understood...
...diplomacy with Pyongyang, going back to Bill Clinton's first term as President, is that North Korea can be bribed. In this view, everything that Kim's regime says or does is meant simply to up the ante in negotiations and get the U.S. and its negotiating partners to sweeten their offerings. This conviction is widely shared among career diplomats in Seoul as well, and they joined their State Department colleagues in outrage when the Bush Administration at first took a confrontational approach with the DPRK. Bush's hard-line stance, the critics believe, prompted Pyongyang to kick-start nuclear...