Word: dealing
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Dates: during 2000-2000
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WAREHOUSE DEAL Tight availability of industrial space and increasing storage demand (fueled in part by dotcom retailers) are giving a big boost to the industrial REIT sector. It's up 27% year to date, according to the National Association of Real Estate Investment Trusts. Unlike, say, the hotel industry's cycle of boom and bust, industrials tend to offer more stable returns over the long haul while serving as a hedge against inflation...
...last Wednesday, killing 15, few Indonesians had any doubt what group was behind it. It was the third bombing in as many months to hit just as former dictator SUHARTO and his family were scheduled to be questioned about corruption allegations. The dilemma facing President ABDURRAHMAN WAHID: how to deal with a powerful, well-connected family that will stop at nothing to protect itself. The next morning, a confidant of the President's urged that he "cut off the head of the snake"--meaning, take direct action against the Suharto clique. "We are getting closer," Wahid obliquely replied. Then, last...
Hillary Clinton may have broached the issue - but Rick Lazio drove it home. Early Sunday, after two weeks of increasingly embarrassing obfuscation, and four months after she proposed a similar ban, Clinton agreed to a deal with her opponent prohibiting the use of soft money for campaign advertising. The deal, penned by opponent Lazio, could herald a great rush of belt-tightening over at Clinton headquarters...
...Moreover, Occidental wasn't simply handed the deal; its offer - $3.65 billion - was twice as high as that of the nearest of its 22 competitors. The acquisition certainly turned Occidental around, instantly trebling its U.S. oil reserves and helping to almost double its profits last year. Whereas it had been estimated that pumping Elk Hills oil would cost in the region of $4.50 a barrel, it actually gushed through at $1.50 a barrel...
...vice president inherited his father's relationship with Hammer - as well as taking over a piece of land the oil magnate had sold his father in a lucrative sweetheart deal - and dined regularly with the oilman in Washington during the '80s. Hammer was Gore's guest at the Reagan inaugural in 1984, and the then-senator also got him a prime seat at the Bush inaugural four years later...