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He supposes that the central bank wants to minimise the weighted sum of the square of the inflation gap and the square of the output gap.
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The square, not the sum.
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Two months ago, he spent an undisclosed but "very substantial" sum to bulldoze the 1, 000 square foot convenience store next to one of his stations and build a 4, 200 square foot grab-and-go food store with a coffee bar and three extra staffers.
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Nearly half that sum is being spent to transform a million-square-foot former Ericsson plant bordering the campus into a new law school and a larger site for the church.
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Nearly half that sum is being spent to transform a million-square-foot former Ericsson (nasdaq: ERICY - news - people ) plant bordering the campus into a new law school and a larger site for the church.
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Total occupancy cost is the sum of base rent, property tax and other operating expenses that prospective tenants would have to pay annually per square foot.
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