Word: waits
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...fundamental challenge none of its European peers suffer from," says Chris Avery, an airline analyst at JPMorgan in London. "Heathrow is stretched to its limits." Conceived for 45 million passengers a year, it now sees almost 70 million annually endure its crowded terminals and snaking lines. Airlines wait longer for gates to clear, and creaking baggage-handling equipment is prone to breakdowns. Though it can't ease runway congestion - Heathrow's "Achilles heel," says Avery - T5 can make BA look better. Currently split between two of Heathrow's outdated terminals, BA will house virtually all its operations under one roof...
...Pigs invasion in 1961. But Miami Democrats like Elena Freyre, a Cuban-American art gallery owner in Little Havana, say they've been trying to tell Democratic candidates to stop parroting the hard-line position. "Obama's people were the first who ever said to me on the phone, ?Wait, let me get a pen and write that down,'" says Freyre. "He's the first to have the cojones to say Bush's policy is wrong, and I think it's going to wake up a lot of moderate Cuban-American voters...
...Last month, after two years of wrangling, India and the U.S. finalized the details of an agreement on civilian nuclear cooperation that seemed to be worth the wait. Under the accord, India will be allowed to trade with all legitimate nuclear states for the nuclear fuel and technology the energy-starved nation desperately needs to keep its booming economy on track. In exchange, New Delhi agrees to put its civilian nuclear program under international safeguards. Its nuclear weapons program, meanwhile, is allowed to continue unimpeded, though India has agreed to work with the U.S. towards an international fissile material...
...offered tens of thousands of dollars in incentives to buy, and to buy now. At a recent conference of Colorado builders and real estate agents, one speaker counseled salespeople to stop acting so desperate. "It sends the signal that the market is bad," he said, "and to wait for the bottom...
...Denver richly illustrates, there is plenty of bottom left to wait for. It's a far cry from the days of double-digit home-price gains and mass speculation in hot markets like Las Vegas--where 40% of the houses up for sale now sit vacant. What's astonishing about this particular real estate bust, though, is the way the damage has pinballed across the financial universe: mortgage companies in Los Angeles, banks in Seattle, hedge funds in Australia, the European Central Bank, Wall Street investment houses and Main Street stockholders have all had the American real estate market fall...