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The REIT retreat — which followed years of colossal gains that helped elevate fund returns — reflected concerns that the problems of the subprime mortgage industry and the softening housing market might weaken the economy and hurt demand for commercial space.
Since, according to the latest issue of the Sunday Times Rich List, the richest 1,000 people (just 0.003% of the adult population) made colossal gains of £155bn over the past three years when the rest of the country was mired in austerity, simply charging them capital gains tax on those gains would yield £40bn, again enough to fund 1-1.5 million jobs in the next two years.
Exceptional output is matched with colossal gains.
This absurd triage stems from the pressure on high priority schools to demonstrate colossal gains.
Similar(56)
On that day, Soc Gen had made "colossal" trading gains - the highest in its history.
Why are the gains that colossal?
That day, it seems, their gains were colossal".
"If we fail there, Al Qaeda would claim a propaganda victory of colossal proportions, and they could gain safe havens in Iraq from which to attack the United States, our friends and our allies," he said.
Indeed, the two presidents Bush and Bill Clinton each made greater gains in downsizing the colossal US nuclear stockpile amassed during the cold war.
12 Jamie Roberts 6/10 Colossal in defence but could not get over the gain line enough.
Mr. Ganek, who ran a technology team, and Mr. Chiasson, a technology analyst, left the colossal hedge fund at a time when SAC was posting some of the biggest gains in its history.
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