Word: auto
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...many years. Our reservations traffic is up more than 30% in many places, all because of the airfares." But on the other hand, the airfare sale has created a huge demand for unprofitable, cheapskate travel. And chances are good that more fare wars are coming. Travel companies fear the auto industry pattern, in which consumers refuse to buy at anything but desperation prices. The U.S. hotel industry is severely overbuilt. Nearly 2 out of every 3 full-service hostelries have been losing money for the past two years. And while all the major chains are competing to offer the best...
...would increase revenue by $18.3 billion in 1993 and by more than $169 billion over five years. The committee also estimates that a 12 cents additional tax on gasoline would yield $54.8 billion in five years. (It would have the added benefits of discouraging auto use and cleaning...
Some of Ice-T's friends now work in various capacities for Ice-T -- at his music production company, Rhyme Syndicate, his merchandising business or the auto repair shop he owns in Los Angeles. Jorge Hinojosa, who has served without a written contract as Ice-T's manager for nine years, says loyalty and trust are vital to the performer...
...pointed out violations of fair trade by each area in 10 separate categories, such as quotas, anti-dumping measures and government procurement. The U.S. fared worst of all, with black marks in nine out of 10 categories. The report cited, for example, American pressures on Japan to limit its auto exports as an unfair quota. The E.C. and Korea came in next with violations in six categories...
...violate free trade. Japanese industry officials, many of whom have followed MITI orders to limit exports and market shares in order to ease trade friction, felt the report only fueled the frustrations of foreign traders. "I don't understand why they put out such a report," said a Japanese auto executive. "MITI would never have allowed us to say such things...