misallocation, overspend, be wont to do sth

CHINA RISKS MISALLOCATION IN AIRPORT PROJECTS, STUDY SAYS
By Raphael Minder in Hong Kong 2009-03-30 麦肯锡：中国机场建设投资可能错配

China risks misallocating investment by overspending on airport projects in poorer western provinces and skimping on allocations to some fast-growing coastal provinces in its $70bn plan to expand capacity until 2013, according to a study by McKinsey, the consultancy.
Of the 97 greenfield airport projects planned by Beijing until 2020, McKinsey categorises only 20 to 30 as offering “attractive” investment opportunities by addressing expected capacity shortfalls.
Other projects support political aims to spread development inland ahead of actual demand.

Tokyo Gov. Yoichi Masuzoe is facing growing pressure to resign over allegations that he used public funds for personal expenses, adding new obstacles to the city’s efforts to get ready for the 2020 Olympic Games.

Tokyo Governor Overspends His Political Capital

Tokyo Gov. Yoichi Masuzoe has denied allegations that some spending he reported as political—including purchases of traditional paintings and books he wrote himself—was actually personal, but it isn’t quieting the political uproar.

ON.WSJ.COM|由 JUN HONGO 上傳

AND what would Marjorie Deane, the backbone of The Economist’s financial coverage from 1947 to 1989, have made of all this? Up until a few weeks before her death at 94 on October 2nd, she was wont to greet visitors with, “What about this bank recapitalisation then? What does Paul Volcker think?”


wont Show phonetics
noun FORMAL
as is someone's wont in the way that someone usually does:
She arrived an hour late, as is her wont.

wont Show phonetics
adjective FORMAL
be wont to do sth to often do something:
The previous city council was wont to overspend.
They spent much of the time reminiscing about the war, as old soldiers are wont to do.

wonted Show phonetics
adjective [before noun] FORMAL
usual:
He replied sharply, and without his wonted courtesy.